401(k) · DOL Form 5500 · 2022

Friends Homes, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
283
Participants Below avg headcount
45th
Percentile by assets National rank
$13,548
Avg per participant Low balance/head
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Official DOL plan name: Friends Homes, Inc. 401(k) Retirement Plan · Sponsored by Friends Homes, Inc. · North Carolina · Healthcare & Social Assistance

$4M in assets, 283 participants

Friends Homes, Inc.'s Friends Homes, Inc. 401(k) Retirement Plan reported $4M in total assets and 283 participants in its 2022 DOL Form 5500 filing, ranking in the 45th 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.

  • #10,025 in Healthcare & Social Assistance (20,060 peers)

Coverage in North Carolina

Friends Homes, Inc. 401(k) Retirement Plan covers 283 participants in North Carolina, about 35% of the average North Carolina filer (state average ~819 per filing). Assets: $4M.

#10,025
in Healthcare & Social Assistance (20,060 peers)
-16.1%
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.

Friends Homes, Inc. 401(k) Retirement Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Friends Homes, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$3,834,113 45th percentile higher than 45% 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

Friends Homes, Inc. 401(k) Retirement Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Friends Homes, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (283 participants).

DOL schedule card

Filing strip 560754599 · Friends Homes, Inc. PY 2022 · 401(k)

Friends Homes, Inc. 401(k) Retirement Plan · $4M · 283 · 45th

  • BOY $4M
  • BOY 283
  • BOY 45th
  • BOY 401(k)
  • BOY near Detroit Employment Solutions Corporation 401(k) Plan
  • BOY ind #10025

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 Healthcare & Social Assistance retirement plans → · Plans in North Carolina →

Friends Homes, Inc. 401(k) Retirement Plan in the asset neighbourhood

Friends Homes, Inc. 401(k) Retirement PlanFriends Homes, Inc. 401(k) R…$4MDetroit Employment Solutions Corporation 401(k) PlanDetroit Employment Solutions…$4MChugai Pharma USA 401(k) Plan$4MScott Industries 401(k) Plan$4MNational Trade Supply, LLC 401(k) PlanNational Trade Supply, LLC 4…$4M
End-of-year total assets ($M) among Friends Homes, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

North Carolina filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$3M
Net Income-$1M
Employer EIN560754599
Plan Effective Date1994-12-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Friends Homes, Inc.)

Sponsor-wide plan assets over time

All Friends Homes, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 16.85172033270798% vs 2022
2024 filing year
$3.6M$3.8M$4M$4.2M$4.4M$4.6M 202220232024 $3.83M $4.48M ▲ +17.0%
Year Plans Participants Total Assets
2022 1 283 $4M
2023 1 303 $4M
2024 1 321 $4M

Nearby 401(k) Plans in North Carolina

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

Friends Homes, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 -200204060 Total assets ($B) Participants Friends Homes, Inc. 401(k) Retirement Plan, Total assets ($B): 0.003834113 · Participants: 283Friends Homes, Inc. 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) Plan
Friends Homes, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Friends Homes, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Friends Homes, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Detroit Employment Solutions Corporation 401(k) Plan in MI ($4M); by covered participants it is Jerritt Canyon Gold LLC 401(k) Plan in NV (283 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 (283 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 Friends Homes, Inc. 401(k) Retirement Plan assets move in 2022? ▼
Friends Homes, Inc. 401(k) Retirement Plan declined sharply - down 16.1% during 2022, from $5M to $4M. Reported net income was -$1M.
How have Friends Homes, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Friends Homes, Inc.'s sponsor-wide assets grew 16.9%, from $4M to $4M.
Which 401(k) plans are similar in size to Friends Homes, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Detroit Employment Solutions Corporation 401(k) Plan in MI ($4M, 143 participants).
Which 401(k) plans cover a similar participant headcount to Friends Homes, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Jerritt Canyon Gold LLC 401(k) Plan in NV (283 participants, $3M 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 560754599.

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.