401k Record

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Furnishare 401(k)

Recordkeeping fees per participant · Kaiyo 401(k) Plan · plan year 2024

$12.32

Higher than 11% of the 7,477 plans $1 to 10M that report it.

Source

= $801 / 65
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251204220040NAL0001666355035, received 2025-12-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251204220040NAL0001666355035, received 2025-12-04

10th: $11.10median $71.5290th: $209.21

Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-12-04.

Cost and contributions

Administrative expenses excluding investment management, per participant

$12.32

10th: $13.66median $103.3390th: $302.77

Higher than 9% of the 14,713 plans $1 to 10M that report it.

Source

= $801 / 65
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251204220040NAL0001666355035, received 2025-12-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251204220040NAL0001666355035, received 2025-12-04

Administrative expenses per participant

$35.68

10th: $19.42median $150.2790th: $370.75

Higher than 17% of the 15,210 plans $1 to 10M that report it.

Source

= $2,319 / 65
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251204220040NAL0001666355035, received 2025-12-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251204220040NAL0001666355035, received 2025-12-04

Administrative expenses as a share of assets

0.181%

10th: 0.069%median 0.519%90th: 1.146%

Higher than 22% of the 15,243 plans $1 to 10M that report it.

Source

= $2,319 / $1,279,892
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251204220040NAL0001666355035, received 2025-12-04
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251204220040NAL0001666355035, received 2025-12-04

Employer contributions per participant

$744

10th: $357median $1,32390th: $2,861

Higher than 26% of the 13,342 plans $1 to 10M that report it.

Source

= $48,361 / 65
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251204220040NAL0001666355035, received 2025-12-04
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251204220040NAL0001666355035, received 2025-12-04

Employer share of total contributions

13.0%

10th: 11.9%median 28.9%90th: 43.6%

Higher than 12% of the 13,370 plans $1 to 10M that report it.

Source

= $48,361 / $372,493
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251204220040NAL0001666355035, received 2025-12-04
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251204220040NAL0001666355035, received 2025-12-04

Plan terms, as stated in Furnishare Inc's SEC filings

Plan terms are not published in public filings.

Plan features

2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251204220040NAL0001666355035, received 2025-12-04

Full record, Kaiyo 401(k) Plan

FieldValueSource
Plan sponsorFURNISHARE INC DBA KAIYOForm 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251204220040NAL0001666355035, received 2025-12-04
Plan nameKAIYO 401(K) PLANForm 5500, line 1a; PLAN_NAME pos 16; filing 20251204220040NAL0001666355035, received 2025-12-04
Sponsor EIN / plan number47-2281204 / 003Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251204220040NAL0001666355035, received 2025-12-04
Plan typesingle-employerForm 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251204220040NAL0001666355035, received 2025-12-04
Sponsor locationNEW YORK, NYForm 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251204220040NAL0001666355035, received 2025-12-04
Industry (business code)722511, Accommodation and food servicesForm 5500, line 2d; BUSINESS_CODE pos 46; filing 20251204220040NAL0001666355035, received 2025-12-04
Plan year2024-01-01 to 2024-12-31Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251204220040NAL0001666355035, received 2025-12-04
Filing received2025-12-04Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251204220040NAL0001666355035, received 2025-12-04
Final filingnoForm 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251204220040NAL0001666355035, received 2025-12-04
Amended filingnoForm 5500, Part I line B; AMENDED_IND pos 7; filing 20251204220040NAL0001666355035, received 2025-12-04
Participants, beginning of year183Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251204220040NAL0001666355035, received 2025-12-04
Active participants0Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251204220040NAL0001666355035, received 2025-12-04
Participants, end of year65Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251204220040NAL0001666355035, received 2025-12-04
Participants with an account balance65Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251204220040NAL0001666355035, received 2025-12-04
Total assets, beginning of year$2,251,357Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251204220040NAL0001666355035, received 2025-12-04
Total assets, end of year$1,279,892Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251204220040NAL0001666355035, received 2025-12-04
Net assets, end of year$1,279,892Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251204220040NAL0001666355035, received 2025-12-04
Total income$693,385Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251204220040NAL0001666355035, received 2025-12-04
Net income$-971,465Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251204220040NAL0001666355035, received 2025-12-04
Employer contributions$48,361Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251204220040NAL0001666355035, received 2025-12-04
Participant contributions$256,682Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251204220040NAL0001666355035, received 2025-12-04
Other contributions (incl. rollovers)$67,450Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251204220040NAL0001666355035, received 2025-12-04
Total contributions$372,493Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251204220040NAL0001666355035, received 2025-12-04
Benefit payments$1,662,531Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251204220040NAL0001666355035, received 2025-12-04
Total expenses (incl. benefit payments)$1,664,850Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251204220040NAL0001666355035, received 2025-12-04
Total administrative expenses$2,319Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251204220040NAL0001666355035, received 2025-12-04
Recordkeeping fees$801Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251204220040NAL0001666355035, received 2025-12-04
Investment advisory and management fees$1,518Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251204220040NAL0001666355035, received 2025-12-04
Administrative expenses excluding investment management$801derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251204220040NAL0001666355035, received 2025-12-04
Held in mutual funds$1,278,485Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251204220040NAL0001666355035, received 2025-12-04
Independent auditorLOUIS PLUNG & COMPANY LLPSchedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251204220040NAL0001666355035, received 2025-12-04

Position = column in the DOL layout for form year 2024. Filing 20251204220040NAL0001666355035, received 2025-12-04.

Service providers paid directly by the plan

No Schedule C line 2 providers are listed on this filing.

Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251204220040NAL0001666355035, received 2025-12-04.

What changed since the 2023 plan year

Figure20232024Change
Total assets$2,251,357$1,279,892-43.2%
Participants with a balance16965-61.5%
Administrative expenses$1,670$2,31938.9%
Recordkeeping fees per participant$1.81$12.32580.6%
Employer contributions$330,033$48,361-85.3%

Prior filing 20241031132820NAL0002750640001, received 2024-10-31; the plan years are contiguous.

Alerts, claims and corrections

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Sponsor name as filed: FURNISHARE INC DBA KAIYO; SEC registrant: Furnishare Inc (CIK 1631534, matched by EIN).