American Furniture Rentals, Inc. 401(k) Review & Grade
American Furniture Rentals, Inc. 401(k) Profit Sharing Plan
Pennsauken, NJReal Estate & Rental528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$913Employer $ per active participant
$2,850Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
$52,722Average balance per account
Score breakdown
- Employer generosity19.3 / 5039th percentile for employer $ per participant
- Low cost4.6 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 18th |
| Employee saving | 40th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,388 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- American Furniture Rentals put in about $913 per active participant, below the typical peer ($1,279). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.58% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $481,960 |
| Participant (employee) contributions | $1,505,061 |
| Other contributions (incl. rollovers in) | $517,159 |
| Administrative expenses paid from the plan | $108,165 |
| Contract administrator fees | $108,165 |
| Benefits paid out | $1,069,487 |
| Net assets, start / end of year | $16.8M / $20.4M |
| Active participants, start / end of year | 488 / 568 |
| Participants with account balances | 386 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| John Hancock Life Insurance | $99,877 reported compensation |
| Associated Benefit Planners, LTD. | $8,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008151223NAL0010043568001, received 2025-10-08, EIN 23-1951514, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.