401(k) · DOL Form 5500 · 2023

Sherrill, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
227
Participants Below avg headcount
60th
Percentile by assets National rank
$46,814
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sherrill, Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Sherrill, Inc. · North Carolina · Retail Trade

$11M in assets, 227 participants

Sherrill, Inc.'s Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported $11M in total assets and 227 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #5,964 in Retail Trade (8,414 peers)

Coverage in North Carolina

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust covers 227 participants in North Carolina, about 28% of the average North Carolina filer (state average ~819 per filing). Assets: $11M.

#5,964
in Retail Trade (8,414 peers)
+29.0%
assets growth YoY

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Retail Trade and all filers

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$10,626,691 Top 40% higher than 60% of 127,068 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 2023

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sherrill, Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (227 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported net income rose from -$723K in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $8M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported participants fell from 244 in the plan year 2022 filing to 227 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 560961953 · Sherrill, Inc. PY 2023 · 401(k)

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust · $11M · 227 · 60th

  • NET $11M
  • BOOK 227
  • VS-ST 60th
  • BOY 401(k)
  • SCH near Fdm Group, Inc. 401(k) Plan
  • EBSA ind #5964

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 North Carolina →

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Sherrill, Inc. 401(k) Profit Sharing Plan & TrustSherrill, Inc. 401(k) Profit…$11MFdm Group, Inc. 401(k) Plan$11MAustin Convention and Visitors Bureau 401(k) PlanAustin Convention and Visito…$11MPatten Seed Company 401(k) Retirement Savings PlanPatten Seed Company 401(k) R…$11MAnalytics8, LLC 401(k) Plan$11M
End-of-year total assets ($M) among Sherrill, Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$11M
Net Income$2M
Employer EIN560961953
Plan Effective Date1993-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sherrill, Inc.)

Sponsor-wide plan assets over time

All Sherrill, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 47.872618856857066% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $8.24M $12.2M ▲ +47.8%
Year Plans Participants Total Assets
2022 1 244 $8M
2023 1 227 $11M
2024 1 189 $12M

Nearby 401(k) Plans in North Carolina

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

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Sherrill, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.010626691 · Participants: 227Sherrill, Inc. 401(k) Profit Sharing Plan & TrustThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sherrill, Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Fdm Group, Inc. 401(k) Plan in NY ($11M); by covered participants it is Care Hawaii, Inc. 401(k) Retirement Savings Plan in HI (227 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Similar participant headcount

Nearest other-state filings by covered participants (227 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sherrill, Inc. 401(k) Profit Sharing Plan & Trust assets move in 2023? ▼
Sherrill, Inc. 401(k) Profit Sharing Plan & Trust grew sharply - up 29.0% during 2023, from $8M to $11M. Reported net income was $2M.
How have Sherrill, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sherrill, Inc.'s sponsor-wide assets grew 47.9%, from $8M to $12M.
Which 401(k) plans are similar in size to Sherrill, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Fdm Group, Inc. 401(k) Plan in NY ($11M, 994 participants).
Which 401(k) plans cover a similar participant headcount to Sherrill, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Care Hawaii, Inc. 401(k) Retirement Savings Plan in HI (227 participants, $2M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560961953.

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.