# Montgomerys Furniture, INC. 401(k) Plan
Source: https://planprovider.pro/companies/montgomerys-furniture-inc-401k-plan

> Montgomerys Furniture, INC.'s 401(k) plan: 110 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

## Similar Plans

- [Furniture Mart Usa, INC.](https://planprovider.pro/companies/furniture-mart-usa-inc-401k-plan) — 910 participants

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