Plan Ledger DOL Form 5500 · updated monthly

The Chair King, Inc.401(k)

THE CHAIR KING, INC. 401(K) PLAN · HOUSTON, TX · plan year 2023

Reported admin expense ratio · 2023
0.67%

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

The Chair King, Inc. reported $40,409 in plan administrative expenses for 2023: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,776 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 3 years on file its reported administrative ratio has held roughly steady near 0.608%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (3,745th of 5,688), and 3,416th of 5,215 in retail trade. In 2023, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,328,015
Participants with balances134
Active participants162
Employer contributions$287,693
Employee contributions$341,115
Employer contribution per active participant$1,776
Average account balance$47,224
Benefits paid to participants$960,093
Plan auditUnmodified (clean) audit opinion
AuditorEEPB
Plan history3
Yearassets · accounts · employer contribution
2024$5.6M · 143 accts · $247K emplr
2023$6.3M · 134 accts · $288K emplr
2022$5.8M · 123 accts · $540K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$40,409
Total administrative$40,409
The The Chair King, Inc. 401(k) match · 2023
Employer contribution per active participant$1,776
Median for plans this size$1,308
2024$1,668 per active participant
2023$1,776 per active participant
2022$3,465 per active participant

The Chair King, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$39,358

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

Administrative cost history3
2024$36,122 · 0.61%
2023$40,409 · 0.67%
2022$45,055 · 0.61%
Similar plansRetail Trade · Texas
Idea Auto Group, LLC TX$6.6M · 0.41%
Powell-Watson Motors TX$6.4M · 0.32%
Pinkies, Inc. TX$6.3M · 0.05%
Parkway Chevrolet, Inc. TX$6.2M · 1.72%
Sprinkles Cupcakes, LLC TX$5.9M · 0.18%
Mid-America Pet Food, LLC TX$5.9M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741605746 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.