R.C. Willey Home Furnishings 401(k) Review & Grade
R.C. Willey Home Furnishings Combined Retirement Investment Savings Plan
Salt Lake City, UTRetail Trade2,198 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,547Employer $ per active participant
$3,153Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$187.1MNet plan assets, end of year
$118,211Average balance per account
Score breakdown
- Employer generosity38.2 / 5076th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score56 / 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 | 68th |
| Employee saving | 53th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- R.C. Willey Home Furnishings put in about $1,547 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.
- 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 | $3,399,297 |
| Participant (employee) contributions | $6,929,340 |
| Other contributions (incl. rollovers in) | $20,310 |
| Administrative expenses paid from the plan | $223,198 |
| Investment advisory & management fees | $111,799 |
| Other admin expenses | $12,696 |
| Benefits paid out | $18,096,149 |
| Net assets, start / end of year | $166.9M / $187.1M |
| Active participants, start / end of year | 2,059 / 2,336 |
| Participants with account balances | 1,583 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tanner LLC |
| Employer stock held by plan | $15,164,482 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $98,703 reported compensation |
| Global Retirement Partners LLC | $59,489 reported compensation |
| Strategic Advisors, Inc. | $52,310 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250718114317NAL0001698353001, received 2025-07-18, EIN 87-0242145, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.