401(k) · DOL Form 5500 · 2022

Bassett Furniture Industries, Inc. 401(k) Plan

Data updated 2026-08-11

$59M
Total assets
1,429
Participants
89th
Percentile by assets
$41,314
Avg per participant
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Official DOL plan name: Bassett Furniture Ind. Inc. 401(k) Plan · Sponsored by Bassett Furniture Industries, Inc. · Virginia · Retail Trade

$59M in assets, 1,429 participants

Bassett Furniture Industries, Inc.'s Bassett Furniture Ind. Inc. 401(k) Plan reported $59M in total assets and 1,429 participants in its 2022 DOL Form 5500 filing, ranking in the 89th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 89th percentile by assets (of 139,126 plans)
  • #8,977 in Retail Trade (9,519 peers)

Where Bassett Furniture Ind. Inc. 401(k) Plan sits by assets

Bassett Furniture Ind. Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $59M for 1,429 participants (~$41,314/participant), down 13.2% in 2022.

$59M
total plan assets (2022 EOY)
1,429
covered participants
89th
percentile by assets (of 139,126 plans)
$41,314
avg assets per participant

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Bassett Furniture Ind. Inc. 401(k) Plan sits by total assets

Bassett Furniture Ind. Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$59,037,215 Top 11% higher than 89% of 139,123 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

State
Virginia
Industry
Retail Trade

Bassett Furniture Ind. Inc. 401(k) Plan vs the 2022 asset distribution

By assets, Bassett Furniture Ind. Inc. 401(k) Plan outranks 89% of the 139,126 plans that filed a Form 5500 for the 2022 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$68M
Net Assets (End of Year)$59M
Net Income-$9M
Employer EIN540135270
Plan Effective Date1974-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bassett Furniture Industries, Inc.)

$55M$60M$65M$70M$75M 202220232024 $59M $72.8M ▲ +23.2%
Total plan assets by year, all Bassett Furniture Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 1 1,429 $59M
2023 1 1,294 $68M
2024 1 1,302 $73M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bassett Furniture Ind. Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000 -10010203040 Total assets ($B) Participants Bassett Furniture In…, Total assets ($B): 0.059037215 · Participants: 1429Bassett Furniture In…Northrop Grumman Sav…, Total assets ($B): 32.567331218 · Participants: 92420Northrop Grumman Sav…401(k) Pension Plan, Total assets ($B): 12.972737361 · Participants: 61481401(k) Pension PlanGeneral Dynamics Cor…, Total assets ($B): 9.624791923 · Participants: 36822General Dynamics Cor…Leidos, Inc. Retirem…, Total assets ($B): 8.665678993 · Participants: 26125Leidos, Inc. Retirem…Bae Systems Employee…, Total assets ($B): 8.232987243 · Participants: 31556Bae Systems Employee…
Bassett Furniture Ind. Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bassett Furniture Ind. Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Bassett Furniture Ind. Inc. 401(k) Plan by total assets, not by location.

Frequently Asked Questions

How did Bassett Furniture Ind. Inc. 401(k) Plan assets move in 2022? ▼
Bassett Furniture Ind. Inc. 401(k) Plan pulled back noticeably - down 13.2% during 2022, from $68M to $59M. Reported net income was -$9M.
How have Bassett Furniture Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bassett Furniture Industries, Inc.'s sponsor-wide assets grew 23.2%, from $59M to $73M.
Where does Bassett Furniture Ind. Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Bassett Furniture Ind. Inc. 401(k) Plan ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Bassett Furniture Ind. Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Norfolk Iron & Metal Company 401(k) Profit Sharing Plan in NE ($59M, 865 participants).

Next read for Bassett Furniture Ind. Inc. 401(k) Plan

Scale reading

Ways to act on Bassett Furniture Ind. Inc. 401(k) Plan's numbers.

  • By total assets, Bassett Furniture Ind. Inc. 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
  • Bassett Furniture Industries, Inc.'s sponsor-wide assets have grown 23.2% since 2022 across 3 plan years on file. More Retail Trade plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 540135270.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.