Furniture Row, BC, Inc. 401(k) Review & Grade
Furniture Row 401(k) Savings Plan
Denver, CORetail Trade1,378 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$321Employer $ per active participant
$1,432Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$49.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 41th |
| Employee saving | 23th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $208,868 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Furniture Row, BC put in about $321 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $442,417 |
| Participant (employee) contributions | $1,972,982 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $141,096 |
| Investment advisory & management fees | $24,586 |
| Benefits paid out | $3,831,752 |
| Net assets, start / end of year | $45.3M / $49.0M |
| Active participants, start / end of year | 1,240 / 1,515 |
| Participants with account balances | 629 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner Smith | $75,462 reported compensation |
| Plante & Moran, PLLC | $35,000 reported compensation |
| Cook Street Consulting | $24,586 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001105315NAL0013112305001, received 2025-10-01, EIN 84-1472015, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.