Plan Ledger DOL Form 5500 · updated monthly

Schewel Furniture Company, Inc.401(k)

SCHEWEL FURNITURE COMPANY, INC. 401(K) RETIREMENT PLAN · LYNCHBURG, VA · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Schewel Furniture Company, Inc. reported $77,140 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,193 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 0.65% to 0.56%. 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 among the smaller plans on file in Virginia (1,205th of 2,266), and the 1,938th of 5,215 in retail trade. In 2024, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,673,992
Participants with balances455
Active participants400
Employer contributions$477,315
Employee contributions$1,049,519
Employer contribution per active participant$1,193
Average account balance$32,251
Benefits paid to participants$1,463,540
Plan auditUnmodified (clean) audit opinion
AuditorDAVIDSON DOYLE AND HILTON
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 455 accts · $477K emplr
2023$13.1M · 467 accts · $494K emplr
2022$11.3M · 472 accts · $517K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,140
Total administrative$77,140
The Schewel Furniture Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,193
Median for plans this size$2,416
2024$1,193 per active participant
2023$1,189 per active participant
2022$1,199 per active participant

Schewel 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$77,140
ADP BROKER-DEALERindirect 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
2024ADP
2023ADP

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

Administrative cost history3
2024$77,140 · 0.56%
2023$77,639 · 0.64%
2022$81,599 · 0.65%
Same employer
Similar plansRetail Trade · Virginia
Berglund Management Group VA$16.8M · 0.60%
Pohanka Oldsmobile Gmc VA$16.0M · 0.41%
Jetcars, Inc VA$12.9M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540372170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.