401(k) · DOL Form 5500 · 2023

Sherrill Furniture Company 401(k) Plan

Data updated 2026-08-25

$48M
Total assets Below avg plan size
966
Participants Near avg headcount
85th
Percentile by assets National rank
$49,200
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sherrill Savings and Profit Sharing Plan · Sponsored by Sherrill Furniture Company · North Carolina · Manufacturing

$48M in assets, 966 participants

Sherrill Furniture Company's Sherrill Savings and Profit Sharing Plan reported $48M in total assets and 966 participants in its 2023 DOL Form 5500 filing, ranking in the 85th 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.

  • #14,671 in Manufacturing (18,722 peers)

Where Sherrill Savings and Profit Sharing Plan sits by assets

Sherrill Savings and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $48M for 966 participants (~$49,200/participant), up 5.4% in 2023.

#14,671
in Manufacturing (18,722 peers)
+5.4%
assets growth YoY
0.5×
vs typical plan assets (national mean)

Sherrill Savings and Profit Sharing Plan's outsized position by total assets

Sherrill Savings and Profit Sharing Plan vs every filed plan by assets

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

$47,527,049 Top 15% higher than 85% 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 Savings and Profit Sharing Plan 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 Savings and Profit Sharing Plan sits mid-pack in the medium band (966 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sherrill Savings and Profit Sharing Plan reported net income rose from -$12M in the plan year 2022 filing to $2M in the plan year 2023 filing.
  • Sherrill Savings and Profit Sharing Plan reported participants rose from 890 in the plan year 2022 filing to 966 in the plan year 2023 filing.
  • Sherrill Savings and Profit Sharing Plan end-of-year assets rose from $45M in the plan year 2022 filing to $48M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 560475593 · Sherrill Furniture Company PY 2023 · 401(k)

Sherrill Savings and Profit Sharing Plan · $48M · 966 · 85th

  • BOOK $48M
  • BOOK 966
  • BOOK 85th
  • BOOK 401(k)
  • BOOK near Pkc Group 401(k) Savings & Profit Sharing Plan
  • BOOK ind #14671

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 Manufacturing retirement plans → · Plans in North Carolina →

Sherrill Savings and Profit Sharing Plan in the asset neighbourhood

The Bernard Group 401(k) Plan$48MSherrill Savings and Profit Sharing PlanSherrill Savings and Profit …$48MPkc Group 401(k) Savings & Profit Sharing PlanPkc Group 401(k) Savings & P…$48MMagic Software Participating Companies 401(k) PlanMagic Software Participating…$48MCramer Rosenthal Mcglynn, LLC 401(k) PlanCramer Rosenthal Mcglynn, LL…$48M
End-of-year total assets ($M) among Sherrill Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$45M
Net Assets (End of Year)$48M
Net Income$2M
Employer EIN560475593
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sherrill Furniture Company)

Sponsor-wide plan assets over time

All Sherrill Furniture Company plans reported in each filing year

Latest sponsor-wide plan assets
$47M 3.448446529898048% vs 2022
2024 filing year
$44M$45M$46M$47M$48M 202220232024 $45.1M $46.6M ▲ +3.4%
Year Plans Participants Total Assets
2022 1 890 $45M
2023 1 966 $48M
2024 1 966 $47M

Nearby 401(k) Plans in North Carolina

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

Sherrill Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Sherrill Savings and Profit Sharing Plan, Total assets ($B): 0.047527049 · Participants: 966Sherrill Savings and Profit Sharing PlanThe 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 Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sherrill Savings and Profit Sharing Plan side-by-side with 3 peers →

Sherrill Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Pkc Group 401(k) Savings & Profit Sharing Plan in MI ($48M); by covered participants it is The North Highland Company LLC in GA (966 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (966 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 Savings and Profit Sharing Plan assets move in 2023? ▼
Sherrill Savings and Profit Sharing Plan grew at a solid clip - up 5.4% during 2023, from $45M to $48M. Reported net income was $2M.
How have Sherrill Furniture Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sherrill Furniture Company's sponsor-wide assets grew 3.4%, from $45M to $47M.
Where does Sherrill Savings and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Sherrill Savings and Profit Sharing Plan ranks in the 85th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sherrill Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Pkc Group 401(k) Savings & Profit Sharing Plan in MI ($48M, 190 participants).
Which 401(k) plans cover a similar participant headcount to Sherrill Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The North Highland Company LLC in GA (966 participants, $141M 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 560475593.

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.