Plan Ledger DOL Form 5500 · updated monthly

Hillsdale Furniture LLC401(k)

HILLSDALE FURNITURE LLC 401K PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2022

Reported admin expense ratio · 2022
0.02%

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

Hillsdale Furniture LLC reported $2,501 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,062 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 fell from 0.02% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Kentucky (470th of 871), and 2,906th of 4,246 in wholesale trade. In 2022, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,095,229
Participants with balances178
Active participants142
Employer contributions$292,787
Employee contributions$385,792
Employer contribution per active participant$2,062
Average account balance$56,715
Benefits paid to participants$1,652,683
Plan auditUnmodified (clean) audit opinion
AuditorMATHER & CO. CPAS, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$7.9M · 166 accts · $377K emplr
2022$10.1M · 178 accts · $293K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,501
Total administrative$2,501
The Hillsdale Furniture LLC 401(k) match · 2022
Employer contribution per active participant$2,062
Median for plans this size$2,266
2023$2,834 per active participant
2022$2,062 per active participant

Hillsdale Furniture LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$178 · 0.00%
2022$2,501 · 0.02%
Same employer
Similar plansWholesale Trade · Kentucky
Avkare, LLC KY$10.4M · 0.26%
Neat & Wilson, Inc KY$9.4M · 0.14%
Saver Group, Inc. KY$8.2M · 0.88%

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Source: U.S. Department of Labor, Form 5500 series, EIN 200235285 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.