Jordans Furniture, Inc. 401(k) Review & Grade
Jordan's Furniture Company 401k Savings Plan
East Taunton, MARetail Trade999 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,845Employer $ per active participant
$6,692Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$169.3MNet plan assets, end of year
$136,558Average balance per account
Score breakdown
- Employer generosity41.3 / 5083th percentile for employer $ per participant
- Low cost14.3 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 57th |
| Employee saving | 95th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Jordans Furniture put in about $1,845 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 | $1,843,030 |
| Participant (employee) contributions | $6,685,367 |
| Other contributions (incl. rollovers in) | $837,107 |
| Administrative expenses paid from the plan | $294,361 |
| Contract administrator fees | $169,961 |
| Investment advisory & management fees | $78,200 |
| Benefits paid out | $13,006,558 |
| Net assets, start / end of year | $152.9M / $169.3M |
| Active participants, start / end of year | 1,015 / 983 |
| Participants with account balances | 1,240 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen LLP |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Srvcs | $183,161 reported compensation |
| Captrust Financial Advisors | $65,000 reported compensation |
| Clifton Larson Allen LLP | $46,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909135318NAL0020307777001, received 2025-09-09, EIN 94-3342606, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.