Bassett Furniture Ind. Inc. 401(K) Plan — Form 5500 plan (Bassett Furniture Industries, Inc.)
Plain-English plan 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, Bassett Furniture Ind. Inc. 401(K) Plan is a benefit plan reported by Bassett Furniture Industries, Inc. under EIN 54-0135270 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,771 participants and $68,025,231 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$68MPlan net assets, end of year$68,025,231
Participants1.8KCovered participants reported1,771
Assets / participant$38.4KComputed: assets ÷ participants$38,411 (computed)
Provider compensation$217.6K3 Schedule C provider row(s)$217,563
- Plan sponsor
- Bassett Furniture Industries, Inc.
- EIN
- 54-0135270
- Plan number
- 002
- Plan type
- 2
- Location
- Bassett, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 1,771 | H, C | 20241003133220NAL0010611377001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$68M total assets
Net assets$68MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $68,025,231
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $68,025,231
- Net assets (BOY)
- $59,037,215
Income & contributions
- Employer contributions
- $1,021,616
- Participant contributions
- $4,943,432
- Total contributions
- $6,647,902
- Total income / additions
- $14,995,418
Expenses & distributions
- Benefits paid
- $5,774,706
- Administrative expenses
- $220,753
- Total expenses
- $6,007,402
- Net increase / (decrease)
- $8,988,016
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
17%83%
Employer 17%Participant 83%
Total expenses ÷ net assets9%Computed ratio
Benefits paid ÷ total income39%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $166,317 | $0 | 2023 |
| Lpl Financial, LLC | NONE | $33,018 | not reported in the loaded dataset | 2023 |
| Mma Securities LLC | NONE | $18,228 | not reported in the loaded dataset | 2023 |