Plan Ledger DOL Form 5500 · updated monthly

Gardner White Furniture Company, Inc.401(k)

GARDNER WHITE FURNITURE COMPANY, INC. 401(K) PLAN · AUBURN HILLS, MI · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Gardner White Furniture Company, Inc. reported $137,204 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $140 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 2 years on file its reported administrative ratio fell from 0.71% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 983rd-largest of 2,619 plans among Michigan employers on file, and the 1,379th of 5,215 in retail trade. In 2024, employees put in $23.61 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,457,051
Participants with balances719
Active participants862
Employer contributions$120,623
Employee contributions$2,847,705
Employer contribution per active participant$140
Average account balance$29,843
Benefits paid to participants$3,572,222
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 719 accts · $121K emplr
2023$19.5M · 770 accts · $121K emplr
2022$15.6M · 639 accts · $119K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$93,660
Audit (IQPA)$43,544
Total administrative$137,204
The Gardner White Furniture Company, Inc. 401(k) match · 2024
Employer contribution per active participant$140
Median for plans this size$2,416
2024$140 per active participant
2023$130 per active participant
2022$134 per active participant

Gardner White Furniture Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$87,329
MORGAN STANLEY SMITH BARNEY LLC · Accounting / audit$43,544
CHARLES SCHWAB BANK · Securities brokerage$6,047

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

Recordkeeper by year2
2024The Standard
2023The Standard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$137,204 · 0.67%
2023$130,834 · 0.74%
2022$113,054 · 0.71%
Same employer
Similar plansRetail Trade · Michigan
Pat Milliken Ford, Inc. MI$21.8M · 0.02%
Tremec Corporation MI$21.6M · 0.53%
Park West Galleries, Inc. MI$21.3M · 0.35%
Varsity Lincoln Inc MI$19.2M · 0.17%
Marsh Automotive Group MI$19.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382754153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.