401(k) · DOL Form 5500 · 2022

Culp Inc 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
579
Participants Below avg headcount
86th
Percentile by assets National rank
$70,422
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 · North Carolina · Manufacturing

$41M in assets, 579 participants

Culp Inc's Culp Inc Employees Ret Builder Plan reported $41M in total assets and 579 participants in its 2022 DOL Form 5500 filing, ranking in the 86th 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.

  • #16,451 in Manufacturing (20,602 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, $41M for 579 participants (~$70,422/participant), down 17.3% in 2022.

#16,451
in Manufacturing (20,602 peers)
-17.3%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $9M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2022 · DOL Form 5500

$40,774,612 Top 14% higher than 86% of 139,123 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 2022

Culp Inc Employees Ret Builder Plan among mid-size filed plans by headcount

Plan-year 2022 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 (579 participants).

Plan-year Form 5500 strip

Filing strip 561001967 · Culp Inc PY 2022 · 401(k)

Culp Inc Employees Ret Builder Plan · $41M · 579 · 86th

  • SCH $41M
  • EBSA 579
  • PART 86th
  • TYPE 401(k)
  • NET near Mutual of Omaha Mortgage 401(k) Plan
  • BOOK ind #16451

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

Mutual of Omaha Mortgage 401(k) PlanMutual of Omaha Mortgage 401…$41MCulp Inc Employees Ret Builder PlanCulp Inc Employees Ret Build…$41MSaunders Construction, Inc. 401(k) PlanSaunders Construction, Inc. …$41MAddepar 401(k) Plan$41MMyovant Sciences, Inc. 401(k) PlanMyovant Sciences, Inc. 401(k…$41M
End-of-year total assets ($M) among Culp Inc Employees Ret Builder Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$41M
Net Income-$9M
Employer EIN561001967
Plan Effective Date1981-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Culp Inc)

Sponsor-wide plan assets over time

All Culp Inc 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. -1000000100000200000300000 -200204060 Total assets ($B) Participants Culp Inc Employees Ret Builder Plan, Total assets ($B): 0.040774612 · Participants: 579Culp Inc Employees Ret Builder PlanThe Bank of America 401(k) Plan, Total assets ($B): 47.134026012 · Participants: 169036The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 14.565715066 · Participants: 39007Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 9.364902 · Participants: 27731Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 8.965353965 · Participants: 51871Truist Financial Corporation 401(k) Savings PlanLowes 401(k) Plan, Total assets ($B): 7.355936526 · Participants: 284864Lowes 401(k) 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 Mutual of Omaha Mortgage 401(k) Plan in CA ($41M); by covered participants it is Reborn Cabinets 401(k) and Profit Sharing Plan in CA (579 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($41M here).

Similar participant headcount

Nearest other-state filings by covered participants (579 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. 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 2022? ▼
Culp Inc Employees Ret Builder Plan declined sharply - down 17.3% during 2022, from $49M to $41M. Reported net income was -$9M.
How have Culp Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Culp Inc'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 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (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 Mutual of Omaha Mortgage 401(k) Plan in CA ($41M, 1,410 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 Reborn Cabinets 401(k) and Profit Sharing Plan in CA (579 participants, N/A in assets).

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 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.