Plan Ledger DOL Form 5500 · updated monthly

United Furniture Industries, Inc.401(k)

UNITED FURNITURE INDUSTRIES, INC. 401(K) RETIREMENT PLAN · TUPELO, MS · plan year 2022

Reported admin expense ratio · 2022
1.72%

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

United Furniture Industries, Inc. reported $177,942 in plan administrative expenses for 2022: 1.72% of average plan assets, higher than ~90% of peers. Employer contributions averaged $9,141 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.

The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Mississippi (213th of 367), and 10,318th of 13,661 in manufacturing. In 2022, employees put in $16.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,716,357
Participants with balances1,160
Active participants14
Employer contributions$127,969
Employee contributions$2,174,039
Employer contribution per active participant$9,141
Average account balance$5,790
Benefits paid to participants$6,430,498
Plan auditUnmodified (clean) audit opinion
AuditorHARPER, RAINS, KNIGHT & COMPANY
Plan history2
Yearassets · accounts · employer contribution
2023$0
2022$6.7M · 1,160 accts · $128K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$177,942
Total administrative$177,942
The United Furniture Industries, Inc. 401(k) match · 2022
Employer contribution per active participant$9,141
Median for plans this size$2,266

United Furniture Industries, Inc.'s 2022 employer contribution ran above the $2,266 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$177,942 · 1.72%
Similar plansManufacturing · Mississippi
Atlas-Ssi, Inc. MS$7.1M · 0.65%
Southern Hens, Inc. MS$6.8M · 0.63%
Diversity-Vuteq, LLC MS$6.7M · 0.57%
New Wood Resources, LLC MS$6.7M · 0.40%
Corinthian, Inc. MS$6.4M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311392576 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.