Furnitureland South, Inc. 401(K) Plan — Form 5500 plan (Furnitureland South, 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, Furnitureland South, Inc. 401(K) Plan is a benefit plan reported by Furnitureland South, Inc. under EIN 56-0958180 and plan number 001. The latest loaded filing year is 2023. The filing reports 650 participants and $35,246,946 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$35.2MPlan net assets, end of year$35,246,946
Participants650Covered participants reported
Assets / participant$54.2KComputed: assets ÷ participants$54,226 (computed)
Provider compensation$41.7K2 Schedule C provider row(s)$41,702
- Plan sponsor
- Furnitureland South, Inc.
- EIN
- 56-0958180
- Plan number
- 001
- Plan type
- 2
- Location
- Jamestown, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 650 | H, C | 20241014165832NAL0026773617001 |
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)$35.2M total assets
Net assets$35.2MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $35,246,946
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $35,246,946
- Net assets (BOY)
- $30,189,671
Income & contributions
- Employer contributions
- $991,161
- Participant contributions
- $1,931,552
- Total contributions
- $2,922,713
- Total income / additions
- $7,334,881
Expenses & distributions
- Benefits paid
- $2,192,085
- Administrative expenses
- $41,682
- Total expenses
- $2,277,606
- Net increase / (decrease)
- $5,057,275
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.
34%66%
Employer 34%Participant 66%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income30%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Rpa Financial LLC | NONE | $32,074 | $0 | 2023 |
| Minnesota Life Insurance Company | NONE | $9,628 | $0 | 2023 |