# Baer'S Furniture Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/baer-s-furniture-company-inc-401k-plan

> Baer'S Furniture Company, INC.'s 401(k) plan: 644 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Baer'S Furniture Company, INC.

- **Sponsor EIN:** 591212401

- **Sponsor Address:** 1589 NW 12 AVENUE, POMPANO BEACH, FL, 330691730

- **Plan Type:** 401(k)

- **Total Participants:** 644

- **Total Assets:** $17.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|644|$17.7M|$223,444|$1.8M|

| 2023|667|$15.2M|$249,160|$2.0M|

| 2022|618|$12.1M|$223,915|$2.0M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| INGHAM & COMPANY|NONE|$133,913|$2,095|$136,008|

| JACOBS & COMPANY, LLP|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [INGHAM & COMPANY](https://planprovider.pro/provider/ingham-retirement-group) — NONE

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $136,008

- **Estimated Expense Ratio:** 0.768% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$140,031|$36,671|$49,321|—|—|

| 2023|$112,763|$32,713|$33,080|—|—|

| 2022|$99,005|$29,190|$66,728|—|—|

## Similar Plans

- [El Dorado Furniture Corporation](https://planprovider.pro/companies/el-dorado-furniture-corporation-401k-plan) — 681 participants

- [City Furniture](https://planprovider.pro/companies/city-furniture-401k-plan) — 2,420 participants

- [R.T.G. Furniture Corp. & Affiliates](https://planprovider.pro/companies/r-t-g-furniture-corp-affiliates-401k-plan) — 9,789 participants

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