Plan Ledger DOL Form 5500 · updated monthly

Furniture Enterprises of Alaska,401(k)

FURNITURE ENTERPRISES OF ALASKA, INC. 401(K) PROFIT SHARING PLAN · ANCHORAGE, AK · plan year 2023

Reported admin expense ratio · 2023
0.03%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Furniture Enterprises of Alaska, reported $2,590 in plan administrative expenses for 2023: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $798 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 0.02% to 0.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alaska (100th of 160), and 2,739th of 5,215 in retail trade. In 2023, employees put in $3.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,472,485
Participants with balances92
Active participants128
Employer contributions$102,203
Employee contributions$390,216
Employer contribution per active participant$798
Average account balance$102,962
Benefits paid to participants$1,474,014
Plan auditUnmodified (clean) audit opinion
AuditorSWALLING & ASSOCIATES PC
Plan history2
Yearassets · accounts · employer contribution
2023$9.5M · 92 accts · $102K emplr
2022$9.4M · 100 accts · $124K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,590
Total administrative$2,590
The Furniture Enterprises of Alaska, 401(k) match · 2023
Employer contribution per active participant$798
Median for plans this size$1,308
2023$798 per active participant
2022$1,332 per active participant

Furniture Enterprises of Alaska,'s 2023 employer contribution ran below the $1,308 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$2,590
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consultingindirect comp
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history2
2023$2,590 · 0.03%
2022$2,155 · 0.02%
Similar plansRetail Trade · Alaska
Three Bears Alaska, Inc. AK$8.4M · 1.34%
Hames Corporation AK$5.1M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920077070 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.