Coles Salon 401(k) match, vesting and fees
What Coles Salon's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Alerus Financial, N.A. | 2023 Schedule C ↗ |
| Independent auditor | John A. Knutson, & Co., Pllp (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Coles Salon: employer contribution per participant | — | |
| Peer median | $1,803 |
| Coles Salon: average balance | $193,295 | |
| Peer median | $48,934 |
| Coles Salon: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $44.7M at the end of plan year 2021 to $49.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 301 | $49.5M | — | — | 0.01% | Not published | Form 5500 ↗ |
| 2023 | 417 | $42.8M | — | — | <0.01% | Not published | Form 5500 ↗ |
| 2022 | 311 | $34.6M | — | — | <0.01% | Not published | Form 5500 ↗ |
| 2021 | 306 | $44.7M | — | — | <0.01% | Not published | Form 5500 ↗ |
Other Coles Salon plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Cole'S Employee Stock Ownership Plan & Trust Agreement
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Alerus Financial, N.A. | Schedule C ↗ |
| Independent auditor | John a Knutson, & Co., Pllp (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
Common questions
Does Coles Salon match 401(k) contributions?
The match terms for the Coles Salon, Inc. 401(k) Plan have not been published from its filing yet.
When is the Coles Salon 401(k) match vested?
The vesting schedule for the Coles Salon, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Coles Salon 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Alerus Financial, N.A.. The plan administrator is Coles Salon, Inc..
I left Coles Salon. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Coles Salon, Inc., (952) 892-9202) or the recordkeeper, Alerus Financial, N.A.. The Coles Salon old 401(k) page lists the contacts from every plan filing. Find an old Coles Salon 401(k)
Data from the public Form 5500 annual reports Coles Salon filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Coles Salon. Not financial advice. Report a correction · Methodology