Retirement plan

ASHLEY FURNITURE HOMESTORE 401(K) PLAN

Name: DUFRESNE SPENCER GROUP HOLDINGS, LLC - ASHLEY FURNITURE HOMESTORE 401(K) PLAN (2024) Form 5500
Creator: DUFRESNE SPENCER GROUP HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, ASHLEY FURNITURE HOMESTORE 401(K) PLAN, DUFRESNE SPENCER GROUP HOLDINGS, LLC

DUFRESNE SPENCER GROUP HOLDINGS, LLCEIN 06-1668247Plan #001PY 2024

4120 AIR TRANS ROAD - MEMPHIS, TN 38118901-509-8860LinkedIn1001-5000 employeesfurniture

Prospect flagsHigh retiree %High feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$28.8M

+24.0% from 2023

Total participants

975

-61.1% from 2023

Average account balance

$168,551

+993.2% from 2023

Annual return

12.51%

-7.95 pp from 2023

Benchmarks

See 1,305 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,305 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$28.82M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$169K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

402

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

0.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.54M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+12.51%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$1295

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 10 of 16 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC4 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$221,417
ALLSPRING2 years Service code 28	Investment Management	$0
ALLSPRING2 years Filed as: ALLSPRING SPECIAL MID-CAP VAL R Service code 28 800 BOYLSTON ST. · BOSTON, MA 28203	Investment Management	$0
AMERICAN CENTURY2 years Service code 28 · EIN 20-0623152	Investment Management	$0
AMERICAN FUNDS4 years Service code 28 · EIN 95-1411037	Investment Management	$0
BARON4 years Filed as: BARON FUNDS Service code 28 767 FIFTH AVENUE · NEW YORK, NY 10153	Investment Management	$0
BRANDYWINE GLOBAL INVESTMENT MGMT2 years Filed as: BRANDYWINE GLOBAL - HY IS Service code 28 · EIN 83-0334121	Investment Management	$0
COHEN & STEERS4 years Filed as: COHEN & STEERS FUNDS Service code 28 · EIN 14-1904657	Investment Management	$0
FIDELITY INVESTMENTS INSTITUTIONAL4 years Filed as: FIDELITY Service code 28 · EIN 04-2647786	Investment Management	$0
THE HARTFORD4 years Filed as: HARTFORD MUTUAL FUNDS Service code 28 · EIN 13-3317783	Investment Management	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$221K

$386 / participant

Other / not subdivided$221K100.0%

% of EOY assets

0.768%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER LPA PLLC
Auditor EIN: 821430242
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$168,551

$54,245+210.7%

$93,727+79.8%

$77,762+116.8%

Participation rate

0.0%

63.9%-63.9pp

68.7%-68.7pp

70.6%-70.6pp

Annual return

12.51%

30.58%-18.1pp

133.83%-121.3pp

31.27%-18.8pp

Employer contribution / active EE

$2,957

$1,168+153.2%

$2,421+22.1%

$2,728+8.4%

Participant deferral / active EE

$6,715

$3,144+113.6%

$4,417+52.0%

$4,651+44.4%

Admin fee / account holder

$1,295

$575+125.0%

$8,292-84.4%

$433+199.1%

Provider

Service type

Compensation

T ROWE PRICE RPS INC4 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$221,417

ALLSPRING2 years

Service code 28

Investment Management

ALLSPRING2 years

Filed as: ALLSPRING SPECIAL MID-CAP VAL R

Service code 28

800 BOYLSTON ST. · BOSTON, MA 28203

Investment Management

AMERICAN CENTURY2 years

Service code 28 · EIN 20-0623152

Investment Management

AMERICAN FUNDS4 years

Service code 28 · EIN 95-1411037

Investment Management

BARON4 years

Filed as: BARON FUNDS

Service code 28

767 FIFTH AVENUE · NEW YORK, NY 10153

Investment Management

BRANDYWINE GLOBAL INVESTMENT MGMT2 years

Filed as: BRANDYWINE GLOBAL - HY IS

Service code 28 · EIN 83-0334121

Investment Management

COHEN & STEERS4 years

Filed as: COHEN & STEERS FUNDS

Service code 28 · EIN 14-1904657

Investment Management

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Filed as: FIDELITY

Service code 28 · EIN 04-2647786

Investment Management

THE HARTFORD4 years

Filed as: HARTFORD MUTUAL FUNDS

Service code 28 · EIN 13-3317783

Investment Management

ASHLEY FURNITURE HOMESTORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

ASHLEY FURNITURE HOMESTORE 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion