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

Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust

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

Sponsored by Davis Furniture Industries, Inc · North Carolina · Manufacturing

What the 2023 filing shows

Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust holds $11M for 258 participants — about $41,502 per participant, up 12.9% over the 2022 plan year.

$11M
total plan assets (2022 EOY)
258
covered participants
$41,502
avg assets per participant
+12.9%
assets growth YoY
Total Assets (2023)
$11M
Participants
258
Industry
Manufacturing

What the Filing Says About Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust

Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust is a 401(k) retirement plan sponsored by Davis Furniture Industries, Inc, headquartered in North Carolina. As of the 2022 Form 5500 filing, the plan reports $11M in total end-of-year assets and covers 258 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 560591838, and the plan has been effective since 1981-07-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $9M at the beginning of 2022 to $11M at year-end — a gain of 12.9%. Net assets (after liabilities) closed the year at $11M, with reported net income of $1M 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)$9M
Total Assets (End of Year)$11M
Net Assets (End of Year)$11M
Net Income$1M
Plan Type401(k)
Employer EIN560591838
Plan Effective Date1981-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Davis Furniture Industries, Inc)

Year Plans Participants Total Assets
2022 2 501 $16M
2023 2 566 $19M
2024 2 597 $21M

Nearby 401(k) Plans in North Carolina

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Frequently Asked Questions

How much money is in the Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust?
As of the 2022 Form 5500 filing, Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust holds $11M in total assets with 258 participants. It is sponsored by Davis Furniture Industries, Inc.
What type of plan is Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust?
Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust is a 401(k) plan. It has been effective since 1981-07-01. The plan is filed with the U.S. Department of Labor under EIN 560591838.
Who sponsors the Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust?
Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust is sponsored by Davis Furniture Industries, Inc, located in North Carolina. The sponsor's EIN is 560591838 and the plan operates in the Manufacturing industry.
How did Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust perform in 2022?
Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust grew by 12.9% during 2022, moving from $9M to $11M in total assets. Net income was $1M.
Where can I find official filings for Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust?
Official Form 5500 filings for Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 560591838 or plan name at efast.dol.gov.
How does Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust compare to other plans?
You can compare Davis Furniture Industries, Inc. Employee Stock Bonus Plan and Trust against other 401(k) plans on the plan type page, or view plans in North Carolina on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

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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 560591838.

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.