Mario Tricoci Hair Salon and Day Spas, LLC 401(k) Review & Grade
Mario Tricoci 401(k) Savings Plan
Palatine, ILOther Services1,010 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$253Employer $ per active participant
$2,764Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$54.8MNet plan assets, end of year
$91,410Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 35th |
| Employee saving | 55th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $41,557 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mario Tricoci Hair Salon and Day Spas put in about $253 per active participant, below the typical peer ($1,257). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $255,881 |
| Participant (employee) contributions | $2,792,597 |
| Other contributions (incl. rollovers in) | $60,536 |
| Administrative expenses paid from the plan | $179,595 |
| Contract administrator fees | $130,780 |
| Investment advisory & management fees | $48,815 |
| Benefits paid out | $2,999,413 |
| Net assets, start / end of year | $47.4M / $54.8M |
| Active participants, start / end of year | 1,031 / 990 |
| Participants with account balances | 599 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $131,899 reported compensation |
| Kavar Capital Partners | $47,696 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015172732NAL0010834130001, received 2025-10-15, EIN 82-4345506, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.