Plan Ledger DOL Form 5500 · updated monthly

Hudsons Furniture Showroom, Inc.401(k)

HUDSON'S FURNITURE SHOWROOM, INC. 401(K) PROFIT SHARING PLAN · SANFORD, FL · plan year 2024

Reported admin expense ratio · 2024
1.51%

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

Hudsons Furniture Showroom, Inc. reported $70,355 in plan administrative expenses for 2024: 1.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $764 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 0.98% to 1.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,531st of 3,644), and 3,820th of 5,215 in retail trade. In 2024, employees put in $3.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,787,638
Participants with balances481
Active participants216
Employer contributions$164,979
Employee contributions$555,414
Employer contribution per active participant$764
Average account balance$9,954
Benefits paid to participants$900,003
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 481 accts · $165K emplr
2023$4.5M · 621 accts · $124K emplr
2022$3.4M · 568 accts · $81K emplr
Administrative expenses, itemized · 2024
Investment management$17,808
Total administrative$70,355
The Hudsons Furniture Showroom, Inc. 401(k) match · 2024
Employer contribution per active participant$764
Median for plans this size$1,313
2024$764 per active participant
2023$561 per active participant
2022$346 per active participant

Hudsons Furniture Showroom, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
AT RETIREMENT SERVICES, LLC · Claims processing · Recordkeeping$52,547
CREATIVE PLANNING, INC. · Investment advisory (participants) · Investment advisory (plan)$17,808

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

Recordkeeper by year2
2024AT RETIREMENT SERVICES, LLC
2023AT RETIREMENT SERVICES, LLC

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

Administrative cost history3
2024$70,355 · 1.51%
2023$36,647 · 0.93%
2022$33,581 · 0.98%
Same employer
Similar plansRetail Trade · Florida
Cosmetic Solutions, LLC FL$5.1M · 1.14%
Vitadepot.com, LLC FL$4.8M · 0.66%
Bcss, LTD. FL$4.8M · 0.25%
Treasure Coast Lexus FL$4.7M · 0.08%
Eckler Industries Inc FL$4.7M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592216240 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.