Plan Snapshot
- Plan Sponsor: Norwalk Furniture INC.
- Sponsor EIN: 263402928
- Sponsor Address: 100 FURNITURE PARKWAY, NORWALK, OH, 44857
- Plan Type: 401(k)
- Total Participants: 221
- Total Assets: $4.3M
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 | 221 | $4.3M | $148,467 | $340,650 |
| 2023 | 242 | $4.3M | $147,267 | $377,365 |
| 2022 | 269 | $3.6M | $151,278 | $375,938 |
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 |
|---|---|---|---|---|
| PAYNE, NICKLES, & COMPANY | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PAYNE, NICKLES, & COMPANY — Auditor
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 | $38,040 | $33,260 | — | — | — |
| 2023 | $35,714 | $29,742 | — | — | — |
| 2022 | $32,406 | $28,220 | $4,186 | — | — |