401(k) · DOL Form 5500 · 2024

Great Clips, Inc. 401(k) Plan

Data updated 2026-08-25

$56M
Total assets Below avg plan size
256
Participants Below avg headcount
85th
Percentile by assets National rank
$217,480
Avg per participant Above avg balance/head
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Official DOL plan name: Great Clips, Inc. 401(k) Plan · Sponsored by Great Clips, Inc. · Minnesota · Real Estate

$56M in assets, 256 participants

Great Clips, Inc.'s Great Clips, Inc. 401(k) Plan reported $56M in total assets and 256 participants in its 2024 DOL Form 5500 filing, ranking in the 85th 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.

  • #4,327 in Real Estate (4,605 peers)

Coverage in Minnesota

Great Clips, Inc. 401(k) Plan covers 256 participants in Minnesota, about 23% of the average Minnesota filer (state average ~1,126 per filing). Assets: $56M.

#4,327
in Real Estate (4,605 peers)
+16.6%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Great Clips, Inc. 401(k) Plan's outsized position by total assets

Great Clips, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$55,675,003 Top 15% higher than 85% of 123,620 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 2024

Great Clips, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Great Clips, Inc. 401(k) Plan sits mid-pack in the medium band (256 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Great Clips, Inc. 401(k) Plan reported net income fell from $10M in the plan year 2023 filing to $8M in the plan year 2024 filing.
  • Great Clips, Inc. 401(k) Plan end-of-year assets rose from $48M in the plan year 2023 filing to $56M in the plan year 2024 filing.
  • Great Clips, Inc. 401(k) Plan reported participants rose from 235 in the plan year 2023 filing to 256 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 411430345 · Great Clips, Inc. PY 2024 · 401(k)

Great Clips, Inc. 401(k) Plan · $56M · 256 · 85th

  • EOY $56M
  • EOY 256
  • EOY 85th
  • EOY 401(k)
  • EOY near Herbein and Company, Inc. Profit Sharing Plan
  • EOY ind #4327

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 Real Estate retirement plans → · Plans in Minnesota →

Great Clips, Inc. 401(k) Plan in the asset neighbourhood

Jackson Dawson Communications, Inc. 401(k) PlanJackson Dawson Communication…$56MGreat Clips, Inc. 401(k) Plan$56MHerbein and Company, Inc. Profit Sharing PlanHerbein and Company, Inc. Pr…$56MKasai North America, Inc. 401(k) PlanKasai North America, Inc. 40…$56MLittlejohn & Co., LLC 401(k) Profit Sharing PlanLittlejohn & Co., LLC 401(k)…$56M
End-of-year total assets ($M) among Great Clips, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Minnesota filing particulars

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$56M
Net Income$8M
Employer EIN411430345
Plan Effective Date1989-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Great Clips, Inc.)

Sponsor-wide plan assets over time

All Great Clips, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$56M 47.84354762463296% vs 2022
2024 filing year
$30M$40M$50M$60M 202220232024 $37.7M $55.7M ▲ +47.8%
Year Plans Participants Total Assets
2022 1 226 $38M
2023 1 235 $48M
2024 1 256 $56M

Nearby 401(k) Plans in Minnesota

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Great Clips, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000400000500000 -20020406080 Total assets ($B) Participants Great Clips, Inc. 401(k) Plan, Total assets ($B): 0.055675003 · Participants: 256Great Clips, Inc. 401(k) PlanWells Fargo & Company 401(k) Plan, Total assets ($B): 57.886997456 · Participants: 179076Wells Fargo & Company 401(k) PlanUnitedhealth Group 401(k) Savings Plan, Total assets ($B): 26.618762181 · Participants: 205460Unitedhealth Group 401(k) Savings PlanTarget Corporation 401(k) Plan, Total assets ($B): 14.419645154 · Participants: 409649Target Corporation 401(k) PlanMedtronic Savings and Investment Plan, Total assets ($B): 13.719378 · Participants: 38480Medtronic Savings and Investment PlanU.S. Bank 401(k) Savings Plan, Total assets ($B): 11.442089862 · Participants: 73109U.S. Bank 401(k) Savings Plan
Great Clips, Inc. 401(k) Plan vs. nearby 401(k) plans in Minnesota, assets vs. participants
Compare Great Clips, Inc. 401(k) Plan side-by-side with 3 peers →

Great Clips, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Minnesota, the nearest 401(k) by assets is Herbein and Company, Inc. Profit Sharing Plan in PA ($56M); by covered participants it is The Architect 401(k) Plan the Printer, Inc. in IA (256 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (256 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Great Clips, Inc. 401(k) Plan assets move in 2024? ▼
Great Clips, Inc. 401(k) Plan grew sharply - up 16.6% during 2024, from $48M to $56M. Reported net income was $8M.
How have Great Clips, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Great Clips, Inc.'s sponsor-wide assets grew 47.8%, from $38M to $56M.
Where does Great Clips, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Great Clips, Inc. 401(k) Plan ranks in the 85th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Great Clips, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Herbein and Company, Inc. Profit Sharing Plan in PA ($56M, 298 participants).
Which 401(k) plans cover a similar participant headcount to Great Clips, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Architect 401(k) Plan the Printer, Inc. in IA (256 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 411430345.

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.