# Van Michael Salon, INC. 401(k) Plan
Source: https://planprovider.pro/companies/van-michael-salon-inc-401k-plan

> Van Michael Salon, INC.'s 401(k) plan: 342 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Van Michael Salon, INC.

- **Sponsor EIN:** 581578856

- **Sponsor Address:** 5855 SANDY SPRINGS CIRCLE, ATLANTA, GA, 303286230

- **Plan Type:** 401(k)

- **Total Participants:** 342

- **Total Assets:** $28.0M

## 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|342|$28.0M|$126,384|$1.2M|

| 2023|298|$23.5M|$125,462|$1.1M|

| 2022|285|$18.9M|$118,334|$1.1M|

## 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|

| KELLEY SAMMONS TOOLE ELLISON|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|$138,075|$88,759|$10,500|—|—|

| 2023|$72,712|$31,783|—|—|—|

| 2022|$91,156|$22,059|$40,305|—|$28,792|

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