Best Home Furnishings 401(K) Savings Plan — Form 5500 plan (Best Chairs, 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, Best Home Furnishings 401(K) Savings Plan is a benefit plan reported by Best Chairs, Inc. under EIN 35-1075512 and plan number 002. The latest loaded filing year is 2023. The filing reports 984 participants and $71,152,865 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$71.2MPlan net assets, end of year$71,152,865
Participants984Covered participants reported
Assets / participant$72.3KComputed: assets ÷ participants$72,310 (computed)
Provider compensation$125.5K2 Schedule C provider row(s)$125,515
Plan sponsor
Best Chairs, Inc.
EIN
35-1075512
Plan number
002
Plan type
2
Location
Ferdinand, IN
Latest filing year
2023
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    984 participants · 2Sch HSch C
    View filing →
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)$71.2M total assets
Net assets$71.2MLiabilities$0
Money in vs. money out
Total income / additions$13.9M
Total expenses$5.1M
Benefits paid / distributions$4.9M
Contributions
Employer$740.3K
Participant$2.5M
Full reported line items

Net assets

Total assets (EOY)
$71,152,865
Total liabilities (EOY)
$0
Net assets (EOY)
$71,152,865
Net assets (BOY)
$62,368,964

Income & contributions

Employer contributions
$740,303
Participant contributions
$2,451,826
Total contributions
$3,302,753
Total income / additions
$13,858,053

Expenses & distributions

Benefits paid
$4,942,707
Administrative expenses
$131,445
Total expenses
$5,074,152
Net increase / (decrease)
$8,783,901
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.

Contribution share (employer vs. participant)
Employer 23%Participant 77%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income36%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    NONE · Direct $85.5K · Indirect $0
  2. 2
    NA · Direct $40K

Related Form 5500 pages