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
EFAST2 filings

Form 5500 filing history

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

  1. 2023
    650 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)$35.2M total assets
Net assets$35.2MLiabilities$0
Money in vs. money out
Total income / additions$7.3M
Total expenses$2.3M
Benefits paid / distributions$2.2M
Contributions
Employer$991.2K
Participant$1.9M
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.

Contribution share (employer vs. participant)
Employer 34%Participant 66%
Total expenses ÷ net assets6%Computed ratio
Benefits paid ÷ total income30%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 $32.1K · Indirect $0
  2. 2
    NONE · Direct $9.6K · Indirect $0

Related Form 5500 pages