Retirement plan

HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING PLAN

Name: HUDSONS FURNITURE SHOWROOM, INC. - HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: HUDSONS FURNITURE SHOWROOM, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING PLAN, HUDSONS FURNITURE SHOWROOM, INC.

HUDSONS FURNITURE SHOWROOM, INC.EIN 59-2216240Plan #001PY 2024

3290 WEST 1ST STREET - SANFORD, FL 32771407-708-5639

Prospect flagsLow returnsLow assets / participantLow fidelity bondCorrective distributions

How to read this page

Total assets (EOY)

$4.8M

+6.4% from 2023

Total participants

508

-21.8% from 2023

Average account balance

$9,954

+37.3% from 2023

Annual return

10.35%

-7.45 pp from 2023

Benchmarks

See 2,313 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,313 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.79M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

481

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.

87.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$720K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+10.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$146

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 2 by compensation

Provider	Service type	Compensation
AT RETIREMENT SERVICES, LLC4 years Service code 12 · EIN 83-3455979 855 MAIN STREET 4TH FLOOR · DUBUQUE, IA 52001	Participant loan processing; Direct p...	$52,547
CREATIVE PLANNING LLC3 years Filed as: CREATIVE PLANNING, INC. Service code 26 · EIN 43-1270780 5400 W 110TH ST. · OVERLAND, KS 66211	Advisory (Participants)	$17,808

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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 returns
Annual investment return is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$70K

$326 / participant

Investment mgmt$18K25.3%
Other / not subdivided$53K74.7%

% of EOY assets

1.470%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: ASSURANCE DIMENSIONS
Auditor EIN: 263429295
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$9,954

$59,456-83.3%

$93,669-89.4%

$74,429-86.6%

Participation rate

87.5%

59.6%+27.9pp

68.7%+18.8pp

67.2%+20.3pp

Annual return

10.35%

82.00%-71.7pp

133.59%-123.2pp

1368.38%-1358.0pp

Employer contribution / active EE

$764

$1,266-39.7%

$2,424-68.5%

$2,625-70.9%

Participant deferral / active EE

$2,571

$3,052-15.7%

$4,416-41.8%

$4,348-40.9%

Admin fee / account holder

$146

$3,026-95.2%

$8,291-98.2%

$1,944-92.5%

Provider

Service type

Compensation

AT RETIREMENT SERVICES, LLC4 years

Service code 12 · EIN 83-3455979

855 MAIN STREET 4TH FLOOR · DUBUQUE, IA 52001

Participant loan processing; Direct p...

$52,547

CREATIVE PLANNING LLC3 years

Filed as: CREATIVE PLANNING, INC.

Service code 26 · EIN 43-1270780

5400 W 110TH ST. · OVERLAND, KS 66211

Advisory (Participants)

$17,808

HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING 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