Schewel Furniture Company, Inc. 401(k) Plan: Login, Facts & Contact Information

Schewel Furniture Company, Inc. 401(k) Plan Facts

Plan name
SCHEWEL FURNITURE COMPANY, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SCHEWEL FURNITURE COMPANY, INC.
Participants
526 (400 active employees)
Former employees with a balance
83
Plan assets
$14,674,065 at Dec 31, 2024
Average account balance
$32,251 across 455 accounts
Employer contributions
$477,315 in plan year 2024 (31% of all contributions)
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 2001
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 9, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.53 million went into the plan in contributions, $477,315 of it from the employer (31%).
  • $1.46 million was paid out to participants.
  • Investment and other income added $1.59 million.
  • Administrative expenses were $77,140, about $170 per account.

How the Schewel Furniture Company, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019599$10.3 million$274,592$840,720
2020557$12.6 million$522,872$582,738
2021533$13.8 million$557,548$1.72 million
2022538$11.3 million$516,880$1.85 million
2023526$13.1 million$493,505$1.44 million
2024526$14.7 million$477,315$1.46 million

Schewel Furniture Company, Inc. 401(k) Contact Information

Phone
434-522-0206
Mailing address
915 MAIN STREET, LYNCHBURG VA 24504
Plan sponsor
SCHEWEL FURNITURE COMPANY, INC.
Employer identification number (EIN)
54-0372170
Plan number
002

Questions about the Schewel Furniture Company, Inc. 401(k)

Does Schewel Furniture Company, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $477,315, 31% of all contributions.

Does the Schewel Furniture Company, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Schewel Furniture Company, Inc 401(k) plan?

526 participants at the start of plan year 2024, 400 of them active employees, and 83 former employees who still had money in the plan.

What is the average 401(k) balance at Schewel Furniture Company, Inc?

About $32,251 per account: $14.7 million in plan assets across 455 accounts with a balance at the end of plan year 2024.

Who manages the Schewel Furniture Company, Inc 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Schewel Furniture Company, Inc. How do I access my 401(k)?

Your account stays with ADP Retirement Services after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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