Retirement plan

SCHNEIDERMAN'S FURNITURE, INC. 401(K) PS PLAN

Name: SCHNEIDERMAN FURNITURE, INC. - SCHNEIDERMAN'S FURNITURE, INC. 401(K) PS PLAN (2025) Form 5500
Creator: SCHNEIDERMAN FURNITURE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SCHNEIDERMAN'S FURNITURE, INC. 401(K) PS PLAN, SCHNEIDERMAN FURNITURE, INC.

SCHNEIDERMAN FURNITURE, INC.EIN 41-0944532Plan #001PY 2025

7727 CENTRAL AVENUE - MEADOWLANDS, MN 55765218-427-2123schneidermans.comLinkedIn51-200 employeesfurniture

Prospect flagsLow returnsHigh feesLow participationCorrective distributions

How to read this page

Total assets (EOY)

$8.4M

+2.0% from 2024

Total participants

147

-16.5% from 2024

Average account balance

$88,425

+11.7% from 2024

Annual return

10.29%

-15.18 pp from 2024

Benchmarks

See 1,292 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort1,292 peers

Snapshot2025

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$8.40M

Not enough data

1 years with asset history on file

Average account balance

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

$88K

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.

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.

55.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$527K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.29%

Not enough data

1 years with return on file

Admin fee / account holder

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

$561

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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$40,394
RBC WEALTH MANAGEMENT8 years Filed as: RBC CAPITAL MARKETS LLC Service code 55	Other Commissions	$15,801
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC Service code 13 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Contract Administrator	$6,902
ASSOCIATED TRUST COMPANY, N.A.1 year Service code 15 · EIN 30-0219031	Recordkeeping	$5,693
MORNINGSTAR1 year Filed as: MORNINGSTAR INC Service code 99 5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674	Other Fees	$3,149
RBC WEALTH MANAGEMENT8 years Filed as: RBC CAPITAL MARKETS, LLC Service code 55 60 S 6TH ST COMMISSIONS ACCTG P-14 · MINNEAPOLIS, MN 55042	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$53K

$452 / participant

Recordkeeping$4K8.1%
Investment mgmt$5K10.3%
Contract admin$43K81.5%

% of EOY assets

0.635%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: ABDO, LLP
Auditor EIN: 411397419
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$88,425

$66,098+33.8%

$101,794-13.1%

$74,304+19.0%

Participation rate

55.9%

53.8%+2.2pp

69.2%-13.3pp

60.3%-4.4pp

Annual return

10.29%

19.59%-9.3pp

30.53%-20.2pp

29.43%-19.1pp

Employer contribution / active EE

$714

$1,082-33.9%

$2,289-68.8%

$2,241-68.1%

Participant deferral / active EE

$3,750

$2,781+34.8%

$4,084-8.2%

$3,767-0.5%

Admin fee / account holder

$561

$4,146-86.5%

$8,777-93.6%

$2,969-81.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$40,394

RBC WEALTH MANAGEMENT8 years

Filed as: RBC CAPITAL MARKETS LLC

Service code 55

Other Commissions

$15,801

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC

Service code 13

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Contract Administrator

$6,902

ASSOCIATED TRUST COMPANY, N.A.1 year

Service code 15 · EIN 30-0219031

Recordkeeping

$5,693

MORNINGSTAR1 year

Filed as: MORNINGSTAR INC

Service code 99

5904 PAYSPHERE CIRCLE · CHICAGO, IL 60674

Other Fees

$3,149

RBC WEALTH MANAGEMENT8 years

Filed as: RBC CAPITAL MARKETS, LLC

Service code 55

60 S 6TH ST COMMISSIONS ACCTG P-14 · MINNEAPOLIS, MN 55042

Other Commissions

SCHNEIDERMAN'S FURNITURE, INC. 401(K) PS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SCHNEIDERMAN'S FURNITURE, INC. 401(K) PS 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