Sherrill Savings And Profit Sharing Plan — Form 5500 plan (Sherrill Furniture Company)

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, Sherrill Savings And Profit Sharing Plan is a benefit plan reported by Sherrill Furniture Company under EIN 56-0475593 and plan number 002. The latest loaded filing year is 2023. The filing reports 1,097 participants and $47,527,049 in end-of-year plan assets, where available in the loaded dataset.

Key reported metrics

Plan sponsor
Sherrill Furniture Company
EIN
56-0475593
Plan number
002
Plan type
2
Location
Hickory, NC
Latest filing year
2023
Participants
1,097
End-of-year plan assets
$47,527,049

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20231,097H, C20240725141017NAL0022642496001

Reported financial statement (2023 · Schedule H)

Net assets

Total assets (EOY)
$47,527,049
Total liabilities (EOY)
$0
Net assets (EOY)
$47,527,049
Net assets (BOY)
$45,076,471

Income & contributions

Employer contributions
$558,880
Participant contributions
$1,633,950
Total contributions
$2,257,304
Total income / additions
$8,515,861

Expenses & distributions

Benefits paid
$5,865,514
Administrative expenses
$142,693
Total expenses
$6,065,283
Net increase / (decrease)
$2,450,578

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Empower Annuity Insurance Company ORECORDKEEPER$73,193$02023
Capfinancial Partners, LLCINVESTMENT ADVISOR$69,500not reported in the loaded dataset2023

Related Form 5500 pages