401(k) · DOL Form 5500 · 2023

Bassett Furniture Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$68M
Total assets Below avg plan size
1,294
Participants Near avg headcount
88th
Percentile by assets National rank
$52,570
Avg per participant Low balance/head
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Official DOL plan name: Bassett Furniture Ind. Inc. 401(k) Plan · Sponsored by Bassett Furniture Industries, Inc. · Virginia · Retail Trade

$68M in assets, 1,294 participants

Bassett Furniture Industries, Inc.'s Bassett Furniture Ind. Inc. 401(k) Plan reported $68M in total assets and 1,294 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,876 in Retail Trade (8,414 peers)

Where Bassett Furniture Ind. Inc. 401(k) Plan sits by assets

Bassett Furniture Ind. Inc. 401(k) Plan sits in the top quartile of all filed plans by assets, $68M for 1,294 participants (~$52,570/participant), up 15.2% in 2023.

#7,876
in Retail Trade (8,414 peers)
+15.2%
assets growth YoY
0.7×
vs typical plan assets (national mean)

Bassett Furniture Ind. Inc. 401(k) Plan's outsized position by total assets

Bassett Furniture Ind. Inc. 401(k) Plan vs every filed plan by assets

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

$68,025,231 Top 12% higher than 88% 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

Bassett Furniture Ind. Inc. 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bassett Furniture Ind. Inc. 401(k) Plan lands in the large band (1,294 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Bassett Furniture Ind. Inc. 401(k) Plan reported net income rose from -$9M in the plan year 2022 filing to $9M in the plan year 2023 filing.
  • Bassett Furniture Ind. Inc. 401(k) Plan end-of-year assets rose from $59M in the plan year 2022 filing to $68M in the plan year 2023 filing.
  • Bassett Furniture Ind. Inc. 401(k) Plan reported participants fell from 1,429 in the plan year 2022 filing to 1,294 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 540135270 · Bassett Furniture Industries, Inc. PY 2023 · 401(k)

Bassett Furniture Ind. Inc. 401(k) Plan · $68M · 1,294 · 88th

  • VS-ST $68M
  • BOY 1,294
  • SCH 88th
  • EBSA 401(k)
  • PART near Bettcher Industries, Inc. 401(k) Retirement Savings Plan
  • TYPE ind #7876

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 Virginia →

Bassett Furniture Ind. Inc. 401(k) Plan in the asset neighbourhood

Bassett Furniture Ind. Inc. 401(k) PlanBassett Furniture Ind. Inc. …$68MBettcher Industries, Inc. 401(k) Retirement Savings PlanBettcher Industries, Inc. 40…$68MZen-Noh Grain Corporation Retirement Savings PlanZen-Noh Grain Corporation Re…$68MHerrick, Feinstein LLP Savings and Profit Sharing PlanHerrick, Feinstein LLP Savin…$68MEvans Petree PC 401(k) Plan and TrustEvans Petree PC 401(k) Plan …$68M
End-of-year total assets ($M) among Bassett Furniture Ind. Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$68M
Net Income$9M
Employer EIN540135270
Plan Effective Date1974-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bassett Furniture Industries, Inc.)

Sponsor-wide plan assets over time

All Bassett Furniture Industries, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$73M 23.23827097873773% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $59M $72.8M ▲ +23.2%
Year Plans Participants Total Assets
2022 1 1,429 $59M
2023 1 1,294 $68M
2024 1 1,302 $73M

Nearby 401(k) Plans in Virginia

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

Bassett Furniture Ind. Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Bassett Furniture Ind. Inc. 401(k) Plan, Total assets ($B): 0.068025231 · Participants: 1294Bassett Furniture Ind. Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Bassett Furniture Ind. Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Bassett Furniture Ind. Inc. 401(k) Plan side-by-side with 3 peers →

Bassett Furniture Ind. Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Bettcher Industries, Inc. 401(k) Retirement Savings Plan in OH ($68M); by covered participants it is Atlas Healthcare, LLC 401(k) Plan in NJ (1,294 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (1,294 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 Bassett Furniture Ind. Inc. 401(k) Plan assets move in 2023? ▼
Bassett Furniture Ind. Inc. 401(k) Plan grew sharply - up 15.2% during 2023, from $59M to $68M. Reported net income was $9M.
How have Bassett Furniture Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bassett Furniture Industries, Inc.'s sponsor-wide assets grew 23.2%, from $59M to $73M.
Where does Bassett Furniture Ind. Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Bassett Furniture Ind. Inc. 401(k) Plan ranks in the 88th 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 Bassett Furniture Ind. Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bettcher Industries, Inc. 401(k) Retirement Savings Plan in OH ($68M, 280 participants).
Which 401(k) plans cover a similar participant headcount to Bassett Furniture Ind. Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Atlas Healthcare, LLC 401(k) Plan in NJ (1,294 participants, $19M 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 540135270.

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.