La-Z-Boy 401(k) match, vesting and fees
What La-Z-Boy's 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Merrill Lynch, Pierce, Fenner and S | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 203 defined-contribution plans in manufacturing with 10,000 to 49,999 participants.
| La-Z-Boy: employer contribution per participant | $1,395 | |
| Peer median | $3,733 |
| La-Z-Boy: average balance | $34,575 | |
| Peer median | $157,962 |
| La-Z-Boy: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $322M at the end of plan year 2021 to $351M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 10,405 | $351M | $14.2M | $1,395 | 0.23% | Not published | Form 5500 ↗ |
| 2023 | 10,163 | $312M | $17.4M | $1,778 | 0.18% | Not published | Form 5500 ↗ |
| 2022 | 9,901 | $274M | $10.2M | $1,088 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 10,243 | $322M | $8.8M | $951 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does La-Z-Boy match 401(k) contributions?
The match terms for the La-Z-Boy Incorporated Retirement Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $14.2M in employer contributions, about $1,395 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the La-Z-Boy 401(k) match vested?
The vesting schedule for the La-Z-Boy Incorporated Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the La-Z-Boy 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Merrill Lynch, Pierce, Fenner and S. The plan administrator is La-Z-Boy Incorporated.
I left La-Z-Boy. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (La-Z-Boy Incorporated, (734) 242-1444) or the recordkeeper, Merrill Lynch, Pierce, Fenner and S. The La-Z-Boy old 401(k) page lists the contacts from every plan filing. Find an old La-Z-Boy 401(k)
Data from the public Form 5500 annual reports La-Z-Boy filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with La-Z-Boy. Not financial advice. Report a correction · Methodology