401(k) · DOL Form 5500 · 2024

Sherrill, Inc. 401(k) Plan

Data updated 2026-08-25

$12M
Total assets Small plan by assets
189
Participants Below avg headcount
60th
Percentile by assets National rank
$64,451
Avg per participant Low balance/head
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Official DOL plan name: Sherrill, Inc. 401(k) Profit Sharing Plan & Trust · Sponsored by Sherrill, Inc. · North Carolina · Retail Trade

$12M in assets, 189 participants

Sherrill, Inc.'s Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported $12M in total assets and 189 participants in its 2024 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.

  • #5,717 in Retail Trade (8,048 peers)

Coverage in North Carolina

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust covers 189 participants in North Carolina, about 23% of the average North Carolina filer (state average ~819 per filing). Assets: $12M.

#5,717
in Retail Trade (8,048 peers)
+14.6%
assets growth YoY

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust's mid-pack asset rank among Retail Trade and all filers

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$12,181,214 Top 40% higher than 60% of 123,620 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 2024

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sherrill, Inc. 401(k) Profit Sharing Plan & Trust sits mid-pack in the medium band (189 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported net income fell from $2M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust reported participants fell from 227 in the plan year 2023 filing to 189 in the plan year 2024 filing.
  • Sherrill, Inc. 401(k) Profit Sharing Plan & Trust end-of-year assets rose from $11M in the plan year 2023 filing to $12M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Plan-year Form 5500 strip

Filing strip 560961953 · Sherrill, Inc. PY 2024 · 401(k)

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust · $12M · 189 · 60th

  • SCH $12M
  • EBSA 189
  • PART 60th
  • TYPE 401(k)
  • NET near Lee Johnson Chevrolet, Inc. 401(k) Plan
  • BOOK ind #5717

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 North Carolina →

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust in the asset neighbourhood

Sherrill, Inc. 401(k) Profit Sharing Plan & TrustSherrill, Inc. 401(k) Profit…$12MLee Johnson Chevrolet, Inc. 401(k) PlanLee Johnson Chevrolet, Inc. …$12MThe Barnes Firm Lc 401(k) Profit Sharing PlanThe Barnes Firm Lc 401(k) Pr…$12MConti Federal Services, LLC Employees' 401(k) PlanConti Federal Services, LLC …$12MInfucare Rx, Inc. 401(k) Plan$12M
End-of-year total assets ($M) among Sherrill, Inc. 401(k) Profit Sharing Plan & Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$12M
Net Income$2M
Employer EIN560961953
Plan Effective Date1993-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sherrill, Inc.)

Sponsor-wide plan assets over time

All Sherrill, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 47.872618856857066% vs 2022
2024 filing year
$6M$8M$10M$12M$14M 202220232024 $8.24M $12.2M ▲ +47.8%
Year Plans Participants Total Assets
2022 1 244 $8M
2023 1 227 $11M
2024 1 189 $12M

Nearby 401(k) Plans in North Carolina

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

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Sherrill, Inc. 401(k) Profit Sharing Plan & Trust, Total assets ($B): 0.012181214 · Participants: 189Sherrill, Inc. 401(k) Profit Sharing Plan & TrustThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) Savings Plan
Sherrill, Inc. 401(k) Profit Sharing Plan & Trust vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sherrill, Inc. 401(k) Profit Sharing Plan & Trust side-by-side with 3 peers →

Sherrill, Inc. 401(k) Profit Sharing Plan & Trust's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Lee Johnson Chevrolet, Inc. 401(k) Plan in WA ($12M); by covered participants it is Prevailing Multiple Employer Plan in MD (189 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (189 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sherrill, Inc. 401(k) Profit Sharing Plan & Trust assets move in 2024? ▼
Sherrill, Inc. 401(k) Profit Sharing Plan & Trust grew at a solid clip - up 14.6% during 2024, from $11M to $12M. Reported net income was $2M.
How have Sherrill, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sherrill, Inc.'s sponsor-wide assets grew 47.9%, from $8M to $12M.
Which 401(k) plans are similar in size to Sherrill, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by assets is Lee Johnson Chevrolet, Inc. 401(k) Plan in WA ($12M, 204 participants).
Which 401(k) plans cover a similar participant headcount to Sherrill, Inc. 401(k) Profit Sharing Plan & Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Prevailing Multiple Employer Plan in MD (189 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 560961953.

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.