Plan Ledger DOL Form 5500 · updated monthly

Grand Home Furnishings401(k)

GRAND PIANO AND FURNITURE CO AND AFFILITES RETIREMENT SAVINGS AND PROFIT SHARING PLAN · ROANOKE, VA · plan year 2023

Reported admin expense ratio · 2023
0.21%

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

Grand Home Furnishings reported $49,045 in plan administrative expenses for 2023: 0.21% of average plan assets, below the peer median. Employer contributions averaged $741 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 rose from 0.26% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 871st-largest of 2,266 plans among Virginia employers on file, and the 1,231st of 5,215 in retail trade. In 2023, employees put in $4.64 for every $1.00 the employer contributed; active participation has shrunk from 375 to 336 since 2022.

Plan summary
Net assets, end of year$24,277,603
Participants with balances524
Active participants336
Employer contributions$248,972
Employee contributions$1,155,626
Employer contribution per active participant$741
Average account balance$46,331
Benefits paid to participants$2,975,837
Plan auditUnmodified (clean) audit opinion
AuditorJ.A. JOHNSON & CO., P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$23.7M · 487 accts
2023$24.3M · 524 accts · $249K emplr
2022$22.0M · 529 accts · $250K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$41,243
Audit (IQPA)$7,802
Total administrative$49,045
The Grand Home Furnishings 401(k) match · 2023
Employer contribution per active participant$741
Median for plans this size$2,440
2023$741 per active participant
2022$667 per active participant

Grand Home Furnishings's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$12,334
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$34,718
PINNACLE BANK · Trustee$7,802
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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

Administrative cost history3
2024$115,823 · 0.48%
2023$49,045 · 0.21%
2022$62,771 · 0.26%
Same employer
Similar plansRetail Trade · Virginia
Haley Buick Gmc Truck, Inc VA$28.4M · 0.47%
Meadows Farms, Inc. VA$28.1M · 0.10%
Sofie Network Inc. VA$25.0M · 0.40%
Casey Auto Group, Inc. VA$23.6M · 0.36%
Brown Automotive Group LTD VA$22.2M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540462688 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.