Plan Snapshot
- Plan Sponsor: Montgomerys Furniture, INC.
- Sponsor EIN: 460399263
- Sponsor Address: 747 S. WASHINGTON AVE., MADISON, SD, 57042
- Plan Type: 401(k)
- Total Participants: 110
- Total Assets: $4.8M
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 | 110 | $4.8M | $122,161 | $314,161 |
| 2023 | 104 | $4.2M | $144,468 | $257,837 |
| 2022 | 117 | $3.6M | $155,370 | $259,177 |
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 |
|---|---|---|---|---|
| EDWARD JONES | INVESTMENT ADVISOR | $8,669 | — | $8,669 |
| DEFINITI LLC | THIRD PARTY ADMIN | $5,040 | — | $5,040 |
| ELO PROF LLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ELO PROF LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,709
- Estimated Expense Ratio: 0.285% 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 | $6,524 | — | $5,549 | — | — |
| 2023 | $1,715 | — | $1,140 | — | — |
| 2022 | $2,055 | — | $2,055 | — | — |