Plan Ledger DOL Form 5500 · updated monthly

Vanguard Furniture Co., Inc.401(k)

VANGUARD FURNITURE CO., INC. EMPLOYEES' RETIREMENT SAVINGS PLAN · CONOVER, NC · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Vanguard Furniture Co., Inc. reported $133,178 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $896 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 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 708th-largest of 2,005 plans among North Carolina employers on file, and the 5,723rd of 13,661 in manufacturing. In 2024, employees put in $3.75 for every $1.00 the employer contributed; active participation has shrunk from 708 to 634 since 2022.

Plan summary
Net assets, end of year$21,173,121
Participants with balances655
Active participants634
Employer contributions$568,002
Employee contributions$2,128,147
Employer contribution per active participant$896
Average account balance$32,325
Benefits paid to participants$1,999,350
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 655 accts · $568K emplr
2023$18.3M · 651 accts · $562K emplr
2022$15.0M · 730 accts · $581K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$133,178
Total administrative$133,178
The Vanguard Furniture Co., Inc. 401(k) match · 2024
Employer contribution per active participant$896
Median for plans this size$2,416
2024$896 per active participant
2023$902 per active participant
2022$821 per active participant

Vanguard Furniture Co., 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$133,178
WELLS FARGO ADVISORS FINANCIAL NETW · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$133,178 · 0.67%
2023$113,746 · 0.68%
2022$103,019 · 0.65%
Same employer
Similar plansManufacturing · North Carolina
Mickey Truck Bodies, Inc. NC$21.6M · 0.34%
Triangle Brick Company NC$21.5M · 0.06%
Flow America, LLC NC$21.3M · 0.18%
Implus Footcare, LLC NC$20.9M · 0.56%
Abb E-Mobility Inc. NC$20.5M · 0.04%
Mm Packaging US Inc. NC$20.3M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560928040 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.