401(k) · DOL Form 5500 · 2023

Culp Inc Employees Ret Bldr Plan 401(k) Plan

Data updated 2026-08-25

$42M
Total assets Below avg plan size
484
Participants Below avg headcount
84th
Percentile by assets National rank
$86,316
Avg per participant Below avg balance/head
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Official DOL plan name: Culp Inc Employees Ret Builder Plan · Sponsored by Culp Inc Employees Ret Bldr Plan · North Carolina · Manufacturing

$42M in assets, 484 participants

Culp Inc Employees Ret Bldr Plan's Culp Inc Employees Ret Builder Plan reported $42M in total assets and 484 participants in its 2023 DOL Form 5500 filing, ranking in the 84th 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.

  • #14,335 in Manufacturing (18,722 peers)

Where Culp Inc Employees Ret Builder Plan sits by assets

Culp Inc Employees Ret Builder Plan sits in the top quartile of all filed plans by assets, $42M for 484 participants (~$86,316/participant), up 2.5% in 2023.

#14,335
in Manufacturing (18,722 peers)
+2.5%
assets growth YoY
0.4×
vs typical plan assets (national mean)

Culp Inc Employees Ret Builder Plan's outsized position by total assets

Culp Inc Employees Ret Builder Plan vs every filed plan by assets

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

$41,776,912 Top 16% higher than 84% 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

Culp Inc Employees Ret Builder 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. Culp Inc Employees Ret Builder Plan sits mid-pack in the medium band (484 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Culp Inc Employees Ret Builder Plan reported net income rose from -$9M in the plan year 2022 filing to $1M in the plan year 2023 filing.
  • Culp Inc Employees Ret Builder Plan reported participants fell from 579 in the plan year 2022 filing to 484 in the plan year 2023 filing.
  • Culp Inc Employees Ret Builder Plan end-of-year assets rose from $41M in the plan year 2022 filing to $42M in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 561001967 · Culp Inc Employees Ret Bldr Plan PY 2023 · 401(k)

Culp Inc Employees Ret Builder Plan · $42M · 484 · 84th

  • IND $42M
  • IND 484
  • IND 84th
  • IND 401(k)
  • IND near Anchor Hocking 401(k) Plan
  • IND ind #14335

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 →

Culp Inc Employees Ret Builder Plan in the asset neighbourhood

Culp Inc Employees Ret Builder PlanCulp Inc Employees Ret Build…$42MAnchor Hocking 401(k) Plan$42MPm Pediatrics Management Group, LLC 401(k) PlanPm Pediatrics Management Gro…$42MGeoblue 401(k) Retirement PlanGeoblue 401(k) Retirement Pl…$42MAsm Assembly Systems 401(k) PlanAsm Assembly Systems 401(k) …$42M
End-of-year total assets ($M) among Culp Inc Employees Ret Builder Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$41M
Net Assets (End of Year)$42M
Net Income$1M
Employer EIN561001967
Plan Effective Date1981-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Culp Inc Employees Ret Bldr Plan)

Sponsor-wide plan assets over time

All Culp Inc Employees Ret Bldr Plan plans reported in each filing year

Latest sponsor-wide plan assets
$45M 9.743398661892847% vs 2022
2024 filing year
$40M$42M$44M$46M 202220232024 $40.8M $44.8M ▲ +9.8%
Year Plans Participants Total Assets
2022 1 579 $41M
2023 1 484 $42M
2024 1 441 $45M

Nearby 401(k) Plans in North Carolina

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

Culp Inc Employees Ret Builder Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Culp Inc Employees Ret Builder Plan, Total assets ($B): 0.041776912 · Participants: 484Culp Inc Employees Ret Builder 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
Culp Inc Employees Ret Builder Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Culp Inc Employees Ret Builder Plan side-by-side with 3 peers →

Culp Inc Employees Ret Builder Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Anchor Hocking 401(k) Plan in OH ($42M); by covered participants it is Verizon Savings and Security Plan for West Region Hourly Employees in NJ (484 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($42M here).

Similar participant headcount

Nearest other-state filings by covered participants (484 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 Culp Inc Employees Ret Builder Plan assets move in 2023? ▼
Culp Inc Employees Ret Builder Plan edged up modestly - up 2.5% during 2023, from $41M to $42M. Reported net income was $1M.
How have Culp Inc Employees Ret Bldr Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Culp Inc Employees Ret Bldr Plan's sponsor-wide assets grew 9.7%, from $41M to $45M.
Where does Culp Inc Employees Ret Builder Plan rank by assets among Form 5500 filers? ▼
Culp Inc Employees Ret Builder Plan ranks in the 84th 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 Culp Inc Employees Ret Builder Plan? ▼
Among 401(k) plans in other states, the closest by assets is Anchor Hocking 401(k) Plan in OH ($42M, 743 participants).
Which 401(k) plans cover a similar participant headcount to Culp Inc Employees Ret Builder Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Verizon Savings and Security Plan for West Region Hourly Employees in NJ (484 participants, $301M 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 561001967.

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.