Hank'S Furniture, Inc. 401(K) Profit Sharing Plan — Form 5500 plan (Hank'S Furniture, 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, Hank'S Furniture, Inc. 401(K) Profit Sharing Plan is a benefit plan reported by Hank'S Furniture, Inc. under EIN 71-0479121 and plan number 001. The latest loaded filing year is 2023. The filing reports 160 participants and $4,209,525 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$4.2MPlan net assets, end of year$4,209,525
Participants160Covered participants reported
Assets / participant$26.3KComputed: assets ÷ participants$26,310 (computed)
Provider compensationNone reported
Plan sponsor
Hank'S Furniture, Inc.
EIN
71-0479121
Plan number
001
Plan type
2
Location
Sherwood, AR
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023160I20241011152952NAL0037506480001
Schedule I · 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)$4.2M total assets
Net assets$4.2MLiabilities$0
Money in vs. money out
Total income / additions$1.2M
Total expenses$899.1K
Benefits paid / distributions$858.1K
Contributions
Employer$221.3K
Participant$370.5K
Full reported line items

Net assets

Total assets (EOY)
$4,209,525
Total liabilities (EOY)
$0
Net assets (EOY)
$4,209,525
Net assets (BOY)
$3,924,533

Income & contributions

Employer contributions
$221,303
Participant contributions
$370,478
Total income / additions
$1,184,101

Expenses & distributions

Benefits paid
$858,099
Administrative expenses
$23,638
Total expenses
$899,109
Net increase / (decrease)
$284,992
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 37%Participant 63%
Total expenses ÷ net assets21%Computed ratio
Benefits paid ÷ total income72%Computed ratio

Service provider compensation (Schedule C)

No Schedule C service provider compensation is loaded for this plan yet.

Related Form 5500 pages