ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN

At the end of 2022, the total retirement plan assets of ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is $4,665,623.This plan was established in 1992.

At the end of 2022, the total number of retirement plan participants in ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is 116

In 2022, the average participant retirement account value for ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is $40,220

In 2022, the estimated average employee contribution amount per participant for ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is $1,417

In 2022, the total retirement plan asset growth rate of ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is -17.83%

In 2022, the estimated aggregate retirement account investment gain/loss for ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is -15.48%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN is 0.64%.

Enrollment Features

ZANO’S HAIR DESIGN, INC. 401(K) PROFIT SHARING PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.