Plan Snapshot
- Plan Sponsor: Partners Hair Design Group, INC.
- Sponsor EIN: 541462492
- Sponsor Address: 7306 OLD DOMINION DRIVE, MCLEAN, VA, 22101
- Plan Type: 401(k)
- Total Participants: 230
- Total Assets: $14.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 230 | $14.8M | $73,614 | $729,066 |
| 2023 | 230 | $13.7M | $70,362 | $706,801 |
| 2022 | 241 | $11.5M | $64,875 | $681,546 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| THE NAIR GROUP, LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $61,920 | $27,906 | — | — | — |
| 2023 | $51,317 | $23,755 | — | — | — |
| 2022 | $54,196 | — | $54,196 | — | — |