401(k) · DOL Form 5500 · 2022

Gorman's Furniture, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
86
Participants Small participant base
46th
Percentile by assets National rank
$45,517
Avg per participant Low balance/head
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Official DOL plan name: Gorman's Furniture, Inc. 401(k) Plan · Sponsored by Gorman's Furniture, Inc. · Michigan · Retail Trade

$4M in assets, 86 participants

Gorman's Furniture, Inc.'s Gorman's Furniture, Inc. 401(k) Plan reported $4M in total assets and 86 participants in its 2022 DOL Form 5500 filing, ranking in the 46th 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.

  • #5,242 in Retail Trade (9,519 peers)

Gorman's Furniture, Inc. multi-year trail

Gorman's Furniture, Inc.'s plans moved -24.2% in assets from 2022 to 2024; this filing shows Gorman's Furniture, Inc. 401(k) Plan at $4M / 86 participants.

#5,242
in Retail Trade (9,519 peers)
-21.3%
assets change YoY

The plan reported a net loss of $1M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Gorman's Furniture, Inc. 401(k) Plan's mid-pack asset rank among Retail Trade and all filers

Gorman's Furniture, Inc. 401(k) Plan vs every filed plan by assets

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

$3,914,475 46th percentile higher than 46% of 139,123 filed plans

This plan $0 $2,050,000,000 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

Gorman's Furniture, Inc. 401(k) Plan among smaller filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Gorman's Furniture, Inc. 401(k) Plan is a small filing (86 participants) on this national headcount ladder.

DOL schedule card

Filing strip 382232749 · Gorman's Furniture, Inc. PY 2022 · 401(k)

Gorman's Furniture, Inc. 401(k) Plan · $4M · 86 · 46th

  • BOY $4M
  • SCH 86
  • EBSA 46th
  • PART 401(k)
  • TYPE near The Tate Group Retirement Plan
  • NET ind #5242

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Michigan →

Gorman's Furniture, Inc. 401(k) Plan in the asset neighbourhood

Gorman's Furniture, Inc. 401(k) PlanGorman's Furniture, Inc. 401…$4MThe Tate Group Retirement PlanThe Tate Group Retirement Pl…$4MAprendamos Intervention Team, P.a. 401(k) Psp and TrustAprendamos Intervention Team…$4MReliant Group 401(k) Plan$4MPacific West Litho 401(k) PlanPacific West Litho 401(k) Pl…$4M
End-of-year total assets ($M) among Gorman's Furniture, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Gorman's Furniture, Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Gorman's Furniture, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$3M 24.15529540998474% vs 2022
2024 filing year
$2.5M$3M$3.5M$4M$4.5M 202220232024 $3.91M $2.97M ▼ -24.0%
Year Plans Participants Total Assets
2022 1 86 $4M
2023 1 89 $3M
2024 1 80 $3M

Gorman's Furniture, Inc. filing trail (2022)

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$4M
Net Income-$1M
Employer EIN382232749
Plan Effective Date1989-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Michigan

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

Gorman's Furniture, Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -505101520 Total assets ($B) Participants Gorman's Furniture, Inc. 401(k) Plan, Total assets ($B): 0.003914475 · Participants: 86Gorman's Furniture, Inc. 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 18.071817726 · Participants: 43382General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 13.833597622 · Participants: 32974Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 9.307640951 · Participants: 16930The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 7.545889119 · Participants: 40458The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 6.44558193 · Participants: 57811Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Gorman's Furniture, Inc. 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Gorman's Furniture, Inc. 401(k) Plan side-by-side with 3 peers →

Gorman's Furniture, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Michigan, the nearest 401(k) by assets is The Tate Group Retirement Plan in TN ($4M); by covered participants it is Sauder Woodworking Subsidiaries 401(k) Retirement Investment Plan in OH (86 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($4M here).

Similar participant headcount

Nearest other-state filings by covered participants (86 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Gorman's Furniture, Inc. 401(k) Plan assets move in 2022? ▼
Gorman's Furniture, Inc. 401(k) Plan declined sharply - down 21.3% during 2022, from $5M to $4M. Reported net income was -$1M.
How have Gorman's Furniture, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Gorman's Furniture, Inc.'s sponsor-wide assets declined 24.2%, from $4M to $3M.
Which 401(k) plans are similar in size to Gorman's Furniture, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is The Tate Group Retirement Plan in TN ($4M, 1 participant).
Which 401(k) plans cover a similar participant headcount to Gorman's Furniture, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Sauder Woodworking Subsidiaries 401(k) Retirement Investment Plan in OH (86 participants, N/A in assets).

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 382232749.

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.