401(k) · DOL Form 5500 · 2023

Klaussner Furniture Industries, Inc. 401(k) Plan

Data updated 2026-08-25

$11M
Total assets Small plan by assets
999
Participants Near avg headcount
60th
Percentile by assets National rank
$10,552
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Klaussner Retirement Savings Plan · Sponsored by Klaussner Furniture Industries, Inc. · North Carolina · Manufacturing

$11M in assets, 999 participants

Klaussner Furniture Industries, Inc.'s Klaussner Retirement Savings Plan reported $11M in total assets and 999 participants in its 2023 DOL Form 5500 filing, ranking in the 60th 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.

  • #8,659 in Manufacturing (18,722 peers)

Klaussner Furniture Industries, Inc. multi-year trail

Klaussner Furniture Industries, Inc.'s plans moved -55.6% in assets from 2022 to 2024; this filing shows Klaussner Retirement Savings Plan at $11M / 999 participants.

#8,659
in Manufacturing (18,722 peers)
-40.9%
assets change YoY

The plan reported a net loss of $7M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Klaussner Retirement Savings Plan's mid-pack asset rank among Manufacturing and all filers

Klaussner Retirement Savings Plan vs every filed plan by assets

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

$10,541,728 Top 40% higher than 60% 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

Klaussner Retirement Savings 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. Klaussner Retirement Savings Plan sits mid-pack in the medium band (999 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Klaussner Retirement Savings Plan end-of-year assets fell from $18M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Klaussner Retirement Savings Plan reported net income fell from -$6M in the plan year 2022 filing to -$7M in the plan year 2023 filing.
  • Klaussner Retirement Savings Plan reported participants fell from 1,061 in the plan year 2022 filing to 999 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 561264300 · Klaussner Furniture Industries, Inc. PY 2023 · 401(k)

Klaussner Retirement Savings Plan · $11M · 999 · 60th

  • EOY $11M
  • 5500 999
  • ASSETS 60th
  • PCT 401(k)
  • EIN near Marcal Manufacturing, LLC Union 401(k) Plan
  • RANK ind #8659

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 →

Klaussner Retirement Savings Plan in the asset neighbourhood

Klaussner Retirement Savings PlanKlaussner Retirement Savings…$11MMarcal Manufacturing, LLC Union 401(k) PlanMarcal Manufacturing, LLC Un…$11MCm Management, Inc. 401(k) PlanCm Management, Inc. 401(k) P…$11MFirst Montgomery Payroll Inc 401(k) PlanFirst Montgomery Payroll Inc…$11MWallcor 401(k) Plan$11M
End-of-year total assets ($M) among Klaussner Retirement Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Klaussner Furniture Industries, Inc. multi-year asset trail

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$8M 55.59202029274765% vs 2022
2024 filing year
$5M$10M$15M$20M 202220232024 $17.9M $7.93M ▼ -55.6%
Year Plans Participants Total Assets
2022 1 1,061 $18M
2023 1 999 $11M
2024 1 547 $8M

Klaussner Furniture Industries, Inc. filing trail (2023)

Total Assets (Beginning of Year)$18M
Net Assets (End of Year)$11M
Net Income-$7M
Employer EIN561264300
Plan Effective Date1984-05-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in North Carolina

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

Klaussner Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Klaussner Retirement Savings Plan, Total assets ($B): 0.010541728 · Participants: 999Klaussner Retirement Savings 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
Klaussner Retirement Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

Klaussner Retirement Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Marcal Manufacturing, LLC Union 401(k) Plan in NJ ($11M); by covered participants it is Berlin Packaging L.L.C. 401(k) Plan in IL (999 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($11M here).

Similar participant headcount

Nearest other-state filings by covered participants (999 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 Klaussner Retirement Savings Plan assets move in 2023?
Klaussner Retirement Savings Plan contracted severely - down 40.9% during 2023, from $18M to $11M. Reported net income was -$7M.
How have Klaussner Furniture Industries, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Klaussner Furniture Industries, Inc.'s sponsor-wide assets declined 55.6%, from $18M to $8M.
Which 401(k) plans are similar in size to Klaussner Retirement Savings Plan?
Among 401(k) plans in other states, the closest by assets is Marcal Manufacturing, LLC Union 401(k) Plan in NJ ($11M, 73 participants).
Which 401(k) plans cover a similar participant headcount to Klaussner Retirement Savings Plan?
Among 401(k) plans in other states, the closest by covered participants is Berlin Packaging L.L.C. 401(k) Plan in IL (999 participants, $138M in assets).