Living Spaces Furniture, LLC 401(k) Review & Grade
Living Spaces Furniture, LLC 401(k) Plan
La Mirada, CARetail Trade3,556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$538Employer $ per active participant
$2,108Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$54.4MNet plan assets, end of year
$17,387Average balance per account
Score breakdown
- Employer generosity20.3 / 5041th percentile for employer $ per participant
- Low cost1.7 / 257th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 7th |
| Employee saving | 52th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $198,525 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Living Spaces Furniture put in about $538 per active participant, below the typical peer ($650). 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 (0.78% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,913,984 |
| Participant (employee) contributions | $7,496,037 |
| Other contributions (incl. rollovers in) | $1,163,214 |
| Administrative expenses paid from the plan | $378,707 |
| Investment advisory & management fees | $117,402 |
| Benefits paid out | $4,100,214 |
| Net assets, start / end of year | $43.0M / $54.4M |
| Active participants, start / end of year | 3,541 / 3,571 |
| Participants with account balances | 3,126 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | JLK Rosenberger, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $245,905 reported compensation |
| Sageview Advisory Group, LLC | $93,031 reported compensation |
| Sageview Advisory Group, LLC | $24,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002170243NAL0000736577001, received 2025-10-02, EIN 85-0486573, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.