401(k) · DOL Form 5500 · 2024

Sherrill Furniture Company 401(k) Plan

Data updated 2026-08-25

$47M
Total assets Below avg plan size
966
Participants Near avg headcount
83rd
Percentile by assets National rank
$48,272
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Sherrill Savings and Profit Sharing Plan · Sponsored by Sherrill Furniture Company · North Carolina · Manufacturing

$47M in assets, 966 participants

Sherrill Furniture Company's Sherrill Savings and Profit Sharing Plan reported $47M in total assets and 966 participants in its 2024 DOL Form 5500 filing, ranking in the 83rd 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.

  • #13,576 in Manufacturing (17,777 peers)

Where Sherrill Savings and Profit Sharing Plan sits by assets

Sherrill Savings and Profit Sharing Plan sits in the top quartile of all filed plans by assets, $47M for 966 participants (~$48,272/participant), down 1.9% in 2024.

#13,576
in Manufacturing (17,777 peers)
-1.9%
assets change YoY
0.5×
vs typical plan assets (national mean)

The plan reported a net loss of $896K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sherrill Savings and Profit Sharing Plan's outsized position by total assets

Sherrill Savings and Profit Sharing Plan vs every filed plan by assets

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

$46,630,909 Top 17% higher than 83% 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 Savings and Profit Sharing Plan 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 Savings and Profit Sharing Plan sits mid-pack in the medium band (966 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sherrill Savings and Profit Sharing Plan reported net income fell from $2M in the plan year 2023 filing to -$896K in the plan year 2024 filing.
  • Sherrill Savings and Profit Sharing Plan end-of-year assets fell from $48M in the plan year 2023 filing to $47M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 560475593 · Sherrill Furniture Company PY 2024 · 401(k)

Sherrill Savings and Profit Sharing Plan · $47M · 966 · 83rd

  • 5500 $47M
  • 5500 966
  • 5500 83rd
  • 5500 401(k)
  • 5500 near Family Tree Service, Inc. Retirement Savings Plan
  • 5500 ind #13576

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 →

Sherrill Savings and Profit Sharing Plan in the asset neighbourhood

Sherrill Savings and Profit Sharing PlanSherrill Savings and Profit …$47MFamily Tree Service, Inc. Retirement Savings PlanFamily Tree Service, Inc. Re…$47MDerry Medical Center 401(k) PlanDerry Medical Center 401(k) …$47MCalero-Mdsl 401(k) Plan$47MOutreach 401(k) Plan$47M
End-of-year total assets ($M) among Sherrill Savings and Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$48M
Net Assets (End of Year)$47M
Net Income-$896K
Employer EIN560475593
Plan Effective Date1964-06-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sherrill Furniture Company)

Sponsor-wide plan assets over time

All Sherrill Furniture Company plans reported in each filing year

Latest sponsor-wide plan assets
$47M 3.448446529898048% vs 2022
2024 filing year
$44M$45M$46M$47M$48M 202220232024 $45.1M $46.6M ▲ +3.4%
Year Plans Participants Total Assets
2022 1 890 $45M
2023 1 966 $48M
2024 1 966 $47M

Nearby 401(k) Plans in North Carolina

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

Sherrill Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Sherrill Savings and Profit Sharing Plan, Total assets ($B): 0.046630909 · Participants: 966Sherrill Savings and Profit Sharing PlanThe 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 Savings and Profit Sharing Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Sherrill Savings and Profit Sharing Plan side-by-side with 3 peers →

Sherrill Savings and Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Family Tree Service, Inc. Retirement Savings Plan in CA ($47M); by covered participants it is Jasper Products L.L.C. 401(k) Plan in MO (966 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($47M here).

Similar participant headcount

Nearest other-state filings by covered participants (966 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 Savings and Profit Sharing Plan assets move in 2024? ▼
Sherrill Savings and Profit Sharing Plan edged down modestly - down 1.9% during 2024, from $48M to $47M. Reported net income was -$896K.
How have Sherrill Furniture Company plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sherrill Furniture Company's sponsor-wide assets grew 3.4%, from $45M to $47M.
Where does Sherrill Savings and Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Sherrill Savings and Profit Sharing Plan ranks in the 83rd percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Sherrill Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Family Tree Service, Inc. Retirement Savings Plan in CA ($47M, 137 participants).
Which 401(k) plans cover a similar participant headcount to Sherrill Savings and Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Jasper Products L.L.C. 401(k) Plan in MO (966 participants, $898K 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 560475593.

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.