Profit Sharing · DOL Form 5500 · 2022

Grove Salons, Inc. Profit Sharing Plan

Data updated 2026-08-25

$588K
Total assets Small plan by assets
53
Participants Small participant base
20th
Percentile by assets National rank
$11,085
Avg per participant Low balance/head
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Official DOL plan name: Grove Salons, Inc. Profit Sharing Plan · Sponsored by Grove Salons, Inc. · Minnesota · Other Services

$588K in assets, 53 participants

Grove Salons, Inc.'s Grove Salons, Inc. Profit Sharing Plan reported $588K in total assets and 53 participants in its 2022 DOL Form 5500 filing, ranking in the 20th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,450 in Other Services (8,398 peers)

Other Services sector rank

Within Other Services, Grove Salons, Inc. Profit Sharing Plan ranks #3,450 of 8,398 2022 filers by assets (3416% of the sector average)-$588K for 53 participants.

#3,450
in Other Services (8,398 peers)
-14.3%
assets change YoY

The plan reported a net loss of $98K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Grove Salons, Inc. Profit Sharing Plan among the smaller filed plans by assets

Grove Salons, Inc. Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$587,527 20th percentile higher than 20% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Grove Salons, Inc. Profit Sharing Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Grove Salons, Inc. Profit Sharing Plan is a small filing (53 participants) on this national headcount ladder.

Form 5500 schedule snapshot

Filing strip 261945231 · Grove Salons, Inc. PY 2022 · Profit Sharing

Grove Salons, Inc. Profit Sharing Plan · $588K · 53 · 20th

  • 5500 $588K
  • ASSETS 53
  • PCT 20th
  • EIN Profit Sharing
  • RANK near Educated Wanderer Inc. Retirement Plan
  • PHOTO ind #3450

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Other Services retirement plans → · Plans in Minnesota →

Grove Salons, Inc. Profit Sharing Plan in the asset neighbourhood

Grove Salons, Inc. Profit Sharing PlanGrove Salons, Inc. Profit Sh…$588KEducated Wanderer Inc. Retirement PlanEducated Wanderer Inc. Retir…$587KVapab Enterprises Inc. Retirement PlanVapab Enterprises Inc. Retir…$588KHaen Constructors Profit Sharing PlanHaen Constructors Profit Sha…$588KMetroplex Pet Services, Inc. Retirement PlanMetroplex Pet Services, Inc.…$588K
End-of-year total assets ($M) among Grove Salons, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Other Services filing particulars

Total Assets (Beginning of Year)$686K
Net Assets (End of Year)$588K
Net Income-$98K
Employer EIN261945231
Plan Effective Date2008-02-11
Filing StatusFILING RECEIVED

Sponsor Plan History (Grove Salons, Inc.)

Sponsor-wide plan assets over time

All Grove Salons, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$505K 14.049567083725515% vs 2022
2024 filing year
$0.45M$0.5M$0.55M$0.6M 202220232024 $0.59M $0.5M ▼ -15.3%
Year Plans Participants Total Assets
2022 1 53 $588K
2023 1 50 $543K
2024 1 46 $505K

Nearby Profit Sharing Plans in Minnesota

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Grove Salons, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -500005000100001500020000 -0.500.511.52 Total assets ($B) Participants Grove Salons, Inc. Profit Sharing Plan, Total assets ($B): 0.000587527 · Participants: 53Grove Salons, Inc. Profit Sharing PlanEssentia Health Retirement Plan, Total assets ($B): 1.61318726 · Participants: 14444Essentia Health Retirement PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.394999238 · Participants: 6268Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.846612268 · Participants: 10170Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.542260343 · Participants: 5177Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.397133832 · Participants: 18794Cargill Employee Retirement Account Plan
Grove Salons, Inc. Profit Sharing Plan vs. nearby Profit Sharing plans in Minnesota, assets vs. participants
Compare Grove Salons, Inc. Profit Sharing Plan side-by-side with 3 peers →

Grove Salons, Inc. Profit Sharing Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Minnesota, the nearest Profit Sharing by assets is Educated Wanderer Inc. Retirement Plan in PA ($587K); by covered participants it is Erb Industries, Inc Profit Sharing Plan in GA (53 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($588K here).

Similar participant headcount

Nearest other-state filings by covered participants (53 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Grove Salons, Inc. Profit Sharing Plan assets move in 2022? ▼
Grove Salons, Inc. Profit Sharing Plan pulled back noticeably - down 14.3% during 2022, from $686K to $588K. Reported net income was -$98K.
How have Grove Salons, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Grove Salons, Inc.'s sponsor-wide assets declined 14.0%, from $588K to $505K.
Where does Grove Salons, Inc. Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Grove Salons, Inc. Profit Sharing Plan ranks in the 20th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (among the smaller plans by assets on file).
Which Profit Sharing plans are similar in size to Grove Salons, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Educated Wanderer Inc. Retirement Plan in PA ($587K, 2 participants).
Which Profit Sharing plans cover a similar participant headcount to Grove Salons, Inc. Profit Sharing Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Erb Industries, Inc Profit Sharing Plan in GA (53 participants, $22M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 261945231.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.