401(k)
2022 plan-year 401(k) DOL Form 5500

Haynes Furniture Company Retirement Savings Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by Haynes Furniture Company, Inc. · Virginia · Retail Trade

What the 2023 filing shows

Haynes Furniture Company Retirement Savings Plan holds $13M for 594 participants — about $22,519 per participant, down 14.5% over the 2022 plan year.

$13M
total plan assets (2022 EOY)
594
covered participants
$22,519
avg assets per participant
-14.5%
assets change YoY

The plan reported a net loss of $2M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$13M
Participants
594
State
Industry
Retail Trade

What the Filing Says About Haynes Furniture Company Retirement Savings Plan

Haynes Furniture Company Retirement Savings Plan is a 401(k) retirement plan sponsored by Haynes Furniture Company, Inc., headquartered in Virginia. As of the 2022 Form 5500 filing, the plan reports $13M in total end-of-year assets and covers 594 participants across the Retail Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 540491974, and the plan has been effective since 1976-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $16M at the beginning of 2022 to $13M at year-end — a decline of 14.5%. Net assets (after liabilities) closed the year at $13M, with reported net income of $-2,270,273 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$16M
Total Assets (End of Year)$13M
Net Assets (End of Year)$13M
Net Income$-2,270,273
Plan Type401(k)
Employer EIN540491974
Plan Effective Date1976-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Haynes Furniture Company, Inc.)

Year Plans Participants Total Assets
2022 1 594 $13M
2023 1 552 $14M
2024 1 435 $15M

Nearby 401(k) Plans in Virginia

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

Frequently Asked Questions

How much money is in the Haynes Furniture Company Retirement Savings Plan?
As of the 2022 Form 5500 filing, Haynes Furniture Company Retirement Savings Plan holds $13M in total assets with 594 participants. It is sponsored by Haynes Furniture Company, Inc..
What type of plan is Haynes Furniture Company Retirement Savings Plan?
Haynes Furniture Company Retirement Savings Plan is a 401(k) plan. It has been effective since 1976-07-01. The plan is filed with the U.S. Department of Labor under EIN 540491974.
Who sponsors the Haynes Furniture Company Retirement Savings Plan?
Haynes Furniture Company Retirement Savings Plan is sponsored by Haynes Furniture Company, Inc., located in Virginia. The sponsor's EIN is 540491974 and the plan operates in the Retail Trade industry.
How did Haynes Furniture Company Retirement Savings Plan perform in 2022?
Haynes Furniture Company Retirement Savings Plan declined by 14.5% during 2022, moving from $16M to $13M in total assets. Net income was $-2,270,273.
Where can I find official filings for Haynes Furniture Company Retirement Savings Plan?
Official Form 5500 filings for Haynes Furniture Company Retirement Savings Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 540491974 or plan name at efast.dol.gov.
How does Haynes Furniture Company Retirement Savings Plan compare to other plans?
You can compare Haynes Furniture Company Retirement Savings Plan against other 401(k) plans on the plan type page, or view plans in Virginia on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

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 540491974.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

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