401(k) · DOL Form 5500 · 2024

Bassett Furniture Ind. Inc. 401(k) Plan

Data updated 2026-08-06

$73M
Total assets: 1,302
Participants: 88th
Percentile by assets: $55,881
Avg per participant

Official DOL plan name: Bassett Furniture Ind. Inc. 401(k) Plan · Sponsored by Bassett Furniture Ind. Inc. · Virginia · Retail Trade

$73M in assets, 1,302 participants

Bassett Furniture Ind. Inc.'s Bassett Furniture Ind. Inc. 401(k) Plan reported $73M in total assets and 1,302 participants in its 2024 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.

88th percentile by assets (of 116,472 plans)
#7,098 in Retail Trade (7,620 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, $73M for 1,302 participants (~$55,881/participant), up 7.0% in 2024.

$73M
total plan assets (2024 EOY): 1,302
covered participants: 88th
percentile by assets (of 116,472 plans): $55,881
avg assets per participant

Bassett Furniture Ind. Inc. 401(k) Plan reported net income fell from $9M in the plan year 2023 filing to $5M in the plan year 2024 filing.
Bassett Furniture Ind. Inc. 401(k) Plan end-of-year assets rose from $68M in the plan year 2023 filing to $73M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Virginia

Industry

Retail Trade

Bassett Furniture Ind. Inc. 401(k) Plan vs the 2024 asset distribution

By assets, Bassett Furniture Ind. Inc. 401(k) Plan outranks 88% of the 116,472 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.7x the national average plan size of $100M (730 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$68M
Net Assets (End of Year)	$73M
Net Income	$5M
Employer EIN	540135270
Plan Effective Date	1974-06-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Bassett Furniture Ind. Inc.)

Total plan assets by year, all Bassett Furniture Ind. Inc. plans on file

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

Northrop Grumman Savings Plan $39.5B · 104,719
401(k) Pension Plan $16.8B · 62,869
General Dynamics Corporation 401(k) Plan 6.0 $12.4B · 49,414
Capital One Financial Corporation Associate Savings Plan $12.0B · 44,933
Leidos, Inc. Retirement Plan $11.8B · 29,734

Compare Bassett Furniture Ind. Inc. 401(k) Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Bassett Furniture Ind. Inc. 401(k) Plan by total assets, not by location.

Vinson Process Controls 401(k) Plan (TX) $73M · 230
Anesthesia Management Services, P. C. Profit Sharing Plan (MI) $73M · 98
World Acceptance Corporation Retirement Savings Plan (SC) $73M · 2,508
Pacific Biosciences of California, Inc. 401(k) Plan (CA) $73M · 687

Frequently Asked Questions

How did Bassett Furniture Ind. Inc. 401(k) Plan assets move in 2024? ▼

Bassett Furniture Ind. Inc. 401(k) Plan grew at a solid clip - up 7.0% during 2024, from $68M to $73M. Reported net income was $5M.

How have Bassett Furniture Ind. Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Bassett Furniture Ind. 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 116,472 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 Bassett Furniture Ind. Inc. 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Vinson Process Controls 401(k) Plan in TX ($73M, 230 participants).

Next read for Bassett Furniture Ind. Inc. 401(k) Plan

Scale reading

Ways to act on Bassett Furniture Ind. Inc. 401(k) Plan's numbers.

By total assets, Bassett Furniture Ind. Inc. 401(k) Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Virginia. Compare plans
Bassett Furniture Ind. Inc.'s sponsor-wide assets have grown 23.2% since 2022 across 3 plan years on file. More Retail Trade plans

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 540135270.