401(k) · DOL Form 5500 · 2023

Flexsteel Industries, Inc. 401(k) Plan

Data updated 2026-08-11

$85M
Total assets: 425
Participants: 90th
Percentile by assets: $200,405
Avg per participant

Official DOL plan name: Flexsteel Industries, Inc. 401(k) Plan · Sponsored by Flexsteel Industries, Inc. · Iowa · Manufacturing

$85M in assets, 425 participants

Flexsteel Industries, Inc.'s Flexsteel Industries, Inc. 401(k) Plan reported $85M in total assets and 425 participants in its 2023 DOL Form 5500 filing, ranking in the 90th 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.

90th percentile by assets (of 127,072 plans)
#15,978 in Manufacturing (18,722 peers)

Where Flexsteel Industries, Inc. 401(k) Plan sits by assets

Flexsteel Industries, Inc. 401(k) Plan sits in the top 10% of all filed plans by assets, $85M for 425 participants (~$200,405/participant), up 14.7% in 2023.

$85M
total plan assets (2023 EOY): 425
covered participants: 90th
percentile by assets (of 127,072 plans): $200,405
avg assets per participant

Where Flexsteel Industries, Inc. 401(k) Plan sits by total assets

Flexsteel Industries, Inc. 401(k) Plan vs every filed plan by assets

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

$85,171,979 Top 10% higher than 90% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Flexsteel Industries, Inc. 401(k) Plan reported net income rose from -$18M in the plan year 2022 filing to $11M in the plan year 2023 filing.
Flexsteel Industries, Inc. 401(k) Plan reported participants fell from 655 in the plan year 2022 filing to 425 in the plan year 2023 filing.
Flexsteel Industries, Inc. 401(k) Plan end-of-year assets rose from $74M in the plan year 2022 filing to $85M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Iowa

Industry

Manufacturing

Flexsteel Industries, Inc. 401(k) Plan vs the 2023 asset distribution

By assets, Flexsteel Industries, Inc. 401(k) Plan outranks 90% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.9x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)	$74M
Net Assets (End of Year)	$85M
Net Income	$11M
Employer EIN	420442319
Plan Effective Date	1985-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Flexsteel Industries, Inc.)

Total plan assets by year, all Flexsteel Industries, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	1	655	$74M
2023	1	425	$85M
2024	1	431	$86M

Nearby 401(k) Plans in Iowa

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

Flexsteel Industries, Inc. 401(k) Plan vs. nearby 401(k) plans in Iowa, assets vs. participants

The Principal Select Savings Plan $4.1B · 12,827
Iowa Health System Section 401(k) Retirement Savings Plan $3.0B · 28,959
The Hy-Vee and Affiliates 401(k) Plan $2.9B · 56,181
The Rsm US LLP Retirement Plan $2.9B · 14,720
Transamerica 401(k) Retirement Savings Plan $2.4B · 6,999

Compare Flexsteel Industries, Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Flexsteel Industries, Inc. 401(k) Plan by total assets, not by location.

Tapestry Solutions, Inc. Retirement Plan (CA) $85M · 441
Fred Alger & Company, LLC 401(k) Profit Sharing Plan (NY) $85M · 175
Survice Engineering Company 401(k) Profit Sharing Plan (MD) $85M · 350
Zeon Chemicals L. P. Savings Plan (KY) $85M · 242

Frequently Asked Questions

How did Flexsteel Industries, Inc. 401(k) Plan assets move in 2023? ▼

Flexsteel Industries, Inc. 401(k) Plan grew at a solid clip - up 14.7% during 2023, from $74M to $85M. Reported net income was $11M.

How have Flexsteel Industries, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Flexsteel Industries, Inc.'s sponsor-wide assets grew 15.6%, from $74M to $86M.

Where does Flexsteel Industries, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼

Flexsteel Industries, Inc. 401(k) Plan ranks in the 90th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).

Which 401(k) plans are similar in size to Flexsteel Industries, Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Tapestry Solutions, Inc. Retirement Plan in CA ($85M, 441 participants).

Next read for Flexsteel Industries, Inc. 401(k) Plan

Scale reading

Ways to act on Flexsteel Industries, Inc. 401(k) Plan's numbers.

By total assets, Flexsteel Industries, Inc. 401(k) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Iowa. Compare plans
Flexsteel Industries, Inc.'s sponsor-wide assets have grown 15.6% since 2022 across 3 plan years on file. More Manufacturing plans

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 420442319.