Plan Snapshot
- Plan Sponsor: Haynes Furniture Company, INC.
- Sponsor EIN: 540491974
- Sponsor Address: 5324 VIRGINIA BEACH BOULEVARD, VIRGINIA BEACH, VA, 234621828
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 447
- Total Assets: $14.7M
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. |
|---|---|---|---|---|
| 2025 | 447 | $14.7M | $0 | $0 |
| 2024 | 409 | $15.0M | $82,519 | $646,624 |
| 2023 | 413 | $13.7M | $94,566 | $738,315 |
| 2022 | 534 | $13.4M | $117,107 | $870,446 |
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 |
|---|---|---|---|---|
| BDO USA, PC | Other Service Provider | $18,820 | — | $18,820 |
| EMPOWER ANNUITY INS CO OF AMERICA | Recordkeeper | $12,908 | — | $12,908 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $12,376 | — | $12,376 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,104
- Estimated Expense Ratio: 0.300% 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 |
|---|---|---|---|---|---|
| 2025 | $2,933,849 | — | $18,820 | $2,000 | — |
| 2024 | $57,063 | — | $20,987 | — | — |
| 2023 | $56,580 | — | $18,500 | — | — |
| 2022 | $64,113 | — | $62,363 | — | — |