Rowe Fine Furniture, Inc. 401(k) Review & Grade
Rowe Fine Furniture, Inc. 401(k) Plan
Elliston, VAManufacturing679 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$784Employer $ per active participant
$1,435Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$13.0MNet plan assets, end of year
$33,789Average balance per account
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 32th |
| Employee saving | 6th |
| Peers that auto-enroll | 59% |
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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
- Rowe Fine Furniture put in about $784 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.38% 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 | $532,329 |
| Participant (employee) contributions | $974,089 |
| Other contributions (incl. rollovers in) | $197 |
| Administrative expenses paid from the plan | $47,429 |
| Investment advisory & management fees | $23,120 |
| Benefits paid out | $1,659,807 |
| Net assets, start / end of year | $11.9M / $13.0M |
| Active participants, start / end of year | 553 / 805 |
| Participants with account balances | 385 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Brown Edwards & Company LLP |
Largest service providers (Schedule C)
| Davenport and Company LLC | $23,120 reported compensation |
| Brown, Edwards and Company LLP | $15,260 reported compensation |
| Fidelity Investments Institutional | $9,049 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163316NAL0006935536001, received 2025-10-15, EIN 20-8233741, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.