Haverty Furniture Companies, Inc. 401(k) Review & Grade
Haverty Furniture Companies, Inc. Thrift Plan
Atlanta, GARetail Trade2,252 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,360Employer $ per active participant
$4,611Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$194.1MNet plan assets, end of year
$65,694Average balance per account
Score breakdown
- Employer generosity44.5 / 5089th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 72th |
| Employee saving | 76th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $605 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Haverty Furniture Companies put in about $2,360 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $5,314,902 |
| Participant (employee) contributions | $10,386,765 |
| Other contributions (incl. rollovers in) | $303,039 |
| Administrative expenses paid from the plan | $208,259 |
| Investment advisory & management fees | $28,502 |
| Other admin expenses | $2,700 |
| Benefits paid out | $26,323,927 |
| Net assets, start / end of year | $182.0M / $194.1M |
| Active participants, start / end of year | 2,390 / 2,115 |
| Participants with account balances | 2,955 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windham Brannon LLC |
| Employer stock held by plan | $742,162 |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $210,580 reported compensation |
| Weaver Capital Management LLC | $10,714 reported compensation |
| Charles Schwab & Co., Inc. | $615 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103134155NAL0016388978001, received 2025-11-03, EIN 58-0281900, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.