Van Michael Salon 401(k) match, vesting and fees
What Van Michael 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 | John Hancock Life Insurance USA | Schedule C ↗ |
| Independent auditor | Kelley Sammons Toole Ellison (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 2,561 defined-contribution plans in other services with 100 to 499 participants.
| Van Michael Salon: employer contribution per participant | $455 | |
| Peer median | $1,803 |
| Van Michael Salon: average balance | $100,696 | |
| Peer median | $48,934 |
| Van Michael Salon: admin expenses ÷ assets | 0.54% | |
| 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 $23.6M at the end of plan year 2021 to $28M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 395 | $28M | $126K | $455 | 0.54% | Not published | Form 5500 ↗ |
| 2023 | 364 | $23.5M | $125K | $445 | 0.34% | Not published | Form 5500 ↗ |
| 2022 | 358 | $18.9M | $118K | $407 | 0.43% | Not published | Form 5500 ↗ |
| 2021 | 468 | $23.6M | $105K | $249 | 0.05% | Not published | Form 5500 ↗ |
Common questions
Does Van Michael Salon match 401(k) contributions?
The match terms for the Van Michael Salon, Inc. 401k Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $126K in employer contributions, about $455 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Van Michael Salon 401(k) match vested?
The vesting schedule for the Van Michael Salon, Inc. 401k Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Van Michael Salon 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is John Hancock Life Insurance USA. The plan administrator is Van Michael Salon, Inc..
I left Van Michael Salon. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Van Michael Salon, Inc., (404) 239-0320) or the recordkeeper, John Hancock Life Insurance USA. The Van Michael Salon old 401(k) page lists the contacts from every plan filing. Find an old Van Michael Salon 401(k)
Data from the public Form 5500 annual reports Van Michael 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 Van Michael Salon. Not financial advice. Report a correction · Methodology