Levin Furniture, LLC 401(k) Review & Grade
Schultz-Levin 401k Plan
Smithton, PARetail Trade716 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,542Employer $ per active participant
$3,170Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
$33,692Average balance per account
Score breakdown
- Employer generosity38.1 / 5076th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 25th |
| Employee saving | 54th |
| 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
- Levin Furniture put in about $1,542 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.
- Direct plan expenses (0.47% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,103,035 |
| Participant (employee) contributions | $2,267,814 |
| Other contributions (incl. rollovers in) | $221,695 |
| Administrative expenses paid from the plan | $76,495 |
| Contract administrator fees | $11,465 |
| Investment advisory & management fees | $65,030 |
| Benefits paid out | $2,508,308 |
| Net assets, start / end of year | $14.8M / $17.7M |
| Active participants, start / end of year | 759 / 672 |
| Participants with account balances | 524 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz, Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $30,040 reported compensation |
| Schneider Downs Wealth Mgmt Adv. | $22,553 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013122032NAL0001922416001, received 2025-10-13, EIN 84-5051605, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.