Plan Snapshot
- Plan Sponsor: La-Z-Boy Incorporated
- Sponsor EIN: 380751137
- Sponsor Address: ONE LA-Z-BOY DRIVE, MONROE, MI, 48162
- Plan Type: 401(k)
- Total Participants: 6,609
- Total Assets: $351.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 6,609 | $351.3M | $14.2M | $20.2M |
| 2023 | 6,446 | $312.6M | $17.4M | $11.6M |
| 2022 | 6,775 | $274.7M | $10.2M | $16.2M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $645,661 | — | $645,661 |
| ROCATON INVESTMENT ADVISORS, LLC | CONSULTANT | $93,174 | — | $93,174 |
| CLIFTONLARSONALLEN LLP | ACCOUNTANT | $11,813 | — | $11,813 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $750,648
- Estimated Expense Ratio: 0.214% 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 | $750,039 | $85,846 | — | $11,813 | — |
| 2023 | $542,130 | — | $98,246 | $2,900 | — |
| 2022 | $140,159 | — | — | — | — |