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

> Gorman'S Furniture, INC.'s 401(k) plan: 47 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Gorman'S Furniture, INC.

- **Sponsor EIN:** 382232749

- **Sponsor Address:** 23231 INDUSTRIAL PARK DR,, FARMINGTON HILLS, MI, 48335

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

- **Total Participants:** 47

- **Total Assets:** $3.0M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **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|47|$3.0M|$0|$128,389|

| 2023|80|$3.5M|$0|$147,304|

| 2022|89|$3.9M|$0|$176,972|

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