# Taylor King Furniture, INC. 401(k) Plan
Source: https://planprovider.pro/companies/taylor-king-furniture-inc-401k-plan

> Taylor King Furniture, INC.&#39;s 401(k) plan: 174 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Taylor King Furniture, INC.

- **Sponsor EIN:** 561723328

- **Sponsor Address:** 286 COUNTY HOME ROAD, TAYLORSVILLE, NC, 28681

- **Plan Type:** 401(k)

- **Total Participants:** 174

- **Total Assets:** $5.7M

## 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|174|$5.7M|$94,428|$316,381|

| 2023|197|$5.0M|$83,200|$266,270|

| 2022|165|$4.3M|$77,177|$246,353|

## 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|

| MARTIN STARNES & ASSO|Auditor|—|—|$0|

## 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|$17,162|$5,615|—|—|—|

| 2023|$9,647|—|—|—|—|

| 2022|$13,225|$3,020|$10,205|—|—|

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