Ashley Furniture Industries, LLC 401(k) Review & Grade
Ashley Furniture Industries, LLC Profit Sharing 401(k) Plan
Arcadia, WIManufacturing15,814 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$635Employer $ per active participant
$3,037Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$527.9MNet plan assets, end of year
$30,865Average balance per account
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost3.4 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 14th |
| Employee saving | 9th |
| Peers that auto-enroll | 69% |
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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 ($320 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
- Ashley Furniture Industries put in about $635 per active participant, below the typical peer ($5,480). 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 (0.23% of assets) are well above similar-size plans (0.09%). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $10,042,591 |
| Participant (employee) contributions | $48,027,340 |
| Other contributions (incl. rollovers in) | $4,331,618 |
| Administrative expenses paid from the plan | $1,188,794 |
| Contract administrator fees | $898,128 |
| Investment advisory & management fees | $290,666 |
| Benefits paid out | $82,947,810 |
| Net assets, start / end of year | $489.7M / $527.9M |
| Active participants, start / end of year | 16,155 / 15,474 |
| Participants with account balances | 17,103 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawkins Ash Cpas, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $898,128 reported compensation |
| Francis LLC | $260,314 reported compensation |
| American Solutions for B | $30,352 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013133751NAL0002070064001, received 2025-10-13, EIN 39-1141201, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.