# Hank&#39;S Furniture, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hank-s-furniture-inc-401k-plan

> Hank&#39;S Furniture, INC.&#39;s 401(k) plan: 196 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

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

- **Sponsor EIN:** 710479121

- **Sponsor Address:** 5708 WARDEN ROAD, SHERWOOD, AR, 72120

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

- **Total Participants:** 196

- **Total Assets:** $3.5M

## 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|196|$3.5M|$223,600|$406,786|

| 2023|142|$4.2M|$221,303|$370,478|

| 2022|137|$4.1M|$221,303|$376,434|

## 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|

| GARLAND & GREENWOOD CPAS AND ADVISO|Auditor|—|—|$0|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $0

### 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|$1,901,706|—|$42,053|—|—|

| 2023|$899,109|—|$23,638|—|—|

| 2022|$28,538|$28,538|—|—|—|

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