Profit Sharing · DOL Form 5500 · 2024

Grove Salons, Inc. Profit Sharing Plan

Data updated 2026-08-25

$505K
Total assets Small plan by assets
46
Participants Small participant base
18th
Percentile by assets National rank
$10,978
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Grove Salons, Inc. Profit Sharing Plan · Sponsored by Grove Salons, Inc. · Minnesota · Other Services

$505K in assets, 46 participants

Grove Salons, Inc.'s Grove Salons, Inc. Profit Sharing Plan reported $505K in total assets and 46 participants in its 2024 DOL Form 5500 filing, ranking in the 18th 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.

  • #2,910 in Other Services (7,719 peers)

Other Services sector rank

Within Other Services, Grove Salons, Inc. Profit Sharing Plan ranks #2,910 of 7,719 2024 filers by assets (3974% of the sector average)-$505K for 46 participants.

#2,910
in Other Services (7,719 peers)
-7.0%
assets change YoY

The plan reported a net loss of $38K 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 2024 · DOL Form 5500

$504,982 18th percentile higher than 18% 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

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

Plan-year 2024 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 (46 participants) on this national headcount ladder.

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Grove Salons, Inc. Profit Sharing Plan reported net income rose from -$45K in the plan year 2023 filing to -$38K in the plan year 2024 filing.
  • Grove Salons, Inc. Profit Sharing Plan reported participants fell from 50 in the plan year 2023 filing to 46 in the plan year 2024 filing.
  • Grove Salons, Inc. Profit Sharing Plan end-of-year assets fell from $543K in the plan year 2023 filing to $505K in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 261945231 · Grove Salons, Inc. PY 2024 · Profit Sharing

Grove Salons, Inc. Profit Sharing Plan · $505K · 46 · 18th

  • VS-ST $505K
  • VS-ST 46
  • VS-ST 18th
  • VS-ST Profit Sharing
  • VS-ST near Wax Like a Champion, Inc. Retirement Plan
  • VS-ST ind #2910

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

Wax Like a Champion, Inc. Retirement PlanWax Like a Champion, Inc. Re…$505KP. Albors Retirement Plan$505KOmegs Family Holdings Co. Retirement PlanOmegs Family Holdings Co. Re…$505KSun Coast Sign Pros Retirement PlanSun Coast Sign Pros Retireme…$505KGrove Salons, Inc. Profit Sharing PlanGrove Salons, Inc. Profit Sh…$505K
End-of-year total assets ($M) among Grove Salons, Inc. Profit Sharing Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2024.

Other Services filing particulars

Total Assets (Beginning of Year)$543K
Net Assets (End of Year)$505K
Net Income-$38K
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. -50000500010000150002000025000 -0.500.511.52 Total assets ($B) Participants Grove Salons, Inc. Profit Sharing Plan, Total assets ($B): 0.000504982 · Participants: 46Grove Salons, Inc. Profit Sharing PlanPipe Trades Services Mn Pension Supplement Fund, Total assets ($B): 1.820221913 · Participants: 6017Pipe Trades Services Mn Pension Supplement FundAllina 403(b) Retirement Savings Plan, Total assets ($B): 0.902491999 · Participants: 8757Allina 403(b) Retirement Savings PlanFairview Health Services Pension Plan, Total assets ($B): 0.64405166 · Participants: 4702Fairview Health Services Pension PlanCargill Employee Retirement Account Plan, Total assets ($B): 0.612718536 · Participants: 20683Cargill Employee Retirement Account PlanRegions Hospital Retirement Savings 401(k) Plan, Total assets ($B): 0.601951844 · Participants: 6323Regions Hospital Retirement Savings 401(k) 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 Wax Like a Champion, Inc. Retirement Plan in IL ($505K); by covered participants it is Athenia Mason Profit-Sharing Plan in NJ (46 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($505K here).

Similar participant headcount

Nearest other-state filings by covered participants (46 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 Grove Salons, Inc. Profit Sharing Plan assets move in 2024? ▼
Grove Salons, Inc. Profit Sharing Plan pulled back noticeably - down 7.0% during 2024, from $543K to $505K. Reported net income was -$38K.
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 18th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Wax Like a Champion, Inc. Retirement Plan in IL ($505K, 4 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 Athenia Mason Profit-Sharing Plan in NJ (46 participants, $2M 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 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.