2023 Form 5500 filing — Bassett Furniture Ind. Inc. 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241003133220NAL0010611377001) for Bassett Furniture Ind. Inc. 401(K) Plan, reported by Bassett Furniture Industries, Inc. under EIN 54-0135270 and plan number 002. It reports 1,771 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
Form 5500 2 · 2023
Filing snapshot
Net assets (EOY)$68MReported net assets$68,025,231
Participants1.8K1,771
Provider compensation$217.6K3 Schedule C row(s)$217,563
Schedules filedSchedule H, Schedule CLoaded schedules
- EFAST2 acknowledgement
- 20241003133220NAL0010611377001
- Plan sponsor
- Bassett Furniture Industries, Inc.
- EIN
- 54-0135270
- Plan number
- 002
- Location
- Bassett, VA
- Received date
- not reported in the loaded dataset
Schedule H · 2023
Reported financial snapshot
Reported figures as filed, in whole dollars. Only fields the filing reports are shown.
Reported balance (end of year)$68M total assets
Net assets$68MLiabilities$0
Full reported line items
- Total assets (EOY)
- $68,025,231
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $68,025,231
- Employer contributions
- $1,021,616
- Participant contributions
- $4,943,432
- Total income / additions
- $14,995,418
- Benefits paid
- $5,774,706
- Administrative expenses
- $220,753
- Total expenses
- $6,007,402
- Net increase / (decrease)
- $8,988,016
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $166,317 | $0 |
| Lpl Financial, LLC | NONE | $33,018 | not reported in the loaded dataset |
| Mma Securities LLC | NONE | $18,228 | not reported in the loaded dataset |