Dufresne Spencer Group Holdings, LLC 401(k) Review & Grade
Ashley Furniture Homestore 401(k) Plan
Memphis, TNRetail Trade1,369 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,238Employer $ per active participant
$2,811Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$28.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity34.8 / 5070th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 9th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $22,863 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dufresne Spencer Group Holdings put in about $1,238 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.85% 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.
- 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 | $1,694,325 |
| Participant (employee) contributions | $3,847,848 |
| Other contributions (incl. rollovers in) | $15,031 |
| Administrative expenses paid from the plan | $221,417 |
| Other admin expenses | $221,417 |
| Benefits paid out | $2,862,348 |
| Net assets, start / end of year | $23.2M / $28.8M |
| Active participants, start / end of year | 2,165 / 573 |
| Participants with account balances | 171 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Lpa PLLC |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $221,417 reported compensation |
| American Funds | $0 reported compensation |
| Baron Funds | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918180439NAL0001827696001, received 2025-09-18, EIN 06-1668247, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.