Plan Snapshot
- Plan Sponsor: Saloncentric, INC.
- Sponsor EIN: 912062018
- Sponsor Address: 50 CONNELL DRIVE, BERKELEY HEIGHTS, NJ, 07922
- Plan Type: 401(k)
- Total Participants: 3,636
- Total Assets: $167.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 3,636 | $167.4M | $4.4M | $8.1M |
| 2023 | 3,783 | $165.5M | $4.3M | $8.9M |
| 2022 | 3,694 | $136.7M | $4.2M | $8.4M |
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 |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
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 | $91,709 | — | — | — | — |
| 2023 | $99,510 | — | — | $15,000 | — |
| 2022 | $91,835 | $10,043 | — | — | $1,704 |