Plan Snapshot
- Plan Sponsor: Scott Miller Salon
- Sponsor EIN: 161237622
- Sponsor Address: 3340 MONROE AVE, ROCHESTER, NY, 146184612
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 87
- Total Assets: $6.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2025 | 87 | $6.1M | $0 | $369,509 |
| 2024 | 169 | $5.0M | $0 | $346,026 |
| 2023 | 167 | $4.3M | $0 | $333,626 |
| 2022 | 162 | $4.0M | $0 | $311,884 |
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 |
|---|---|---|---|---|
| CNB WEALTH MANAGEMENT | Investment Advisor | $11,624 | — | $11,624 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $11,624
- Estimated Expense Ratio: 0.189% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $147,765 | — | — | — | — |
| 2024 | $12,484 | $11,624 | — | — | — |
| 2023 | $11,187 | $10,020 | $307 | — | — |
| 2022 | $10,832 | $9,668 | $1,164 | — | — |