401(k) · DOL Form 5500 · 2024

Friends Homes, Inc. 401(k) Plan

Data updated 2026-08-25

$4M
Total assets Small plan by assets
321
Participants Below avg headcount
40th
Percentile by assets National rank
$13,957
Avg per participant Low balance/head
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Official DOL plan name: Friends Homes, Inc. 401(k) Retirement Plan · Sponsored by Friends Homes, Inc. · North Carolina · Healthcare & Social Assistance

$4M in assets, 321 participants

Friends Homes, Inc.'s Friends Homes, Inc. 401(k) Retirement Plan reported $4M in total assets and 321 participants in its 2024 DOL Form 5500 filing, ranking in the 40th 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.

  • #7,169 in Healthcare & Social Assistance (16,916 peers)

Coverage in North Carolina

Friends Homes, Inc. 401(k) Retirement Plan covers 321 participants in North Carolina, about 39% of the average North Carolina filer (state average ~819 per filing). Assets: $4M.

#7,169
in Healthcare & Social Assistance (16,916 peers)
+5.8%
assets growth YoY

Friends Homes, Inc. 401(k) Retirement Plan's mid-pack asset rank among Healthcare & Social Assistance and all filers

Friends Homes, Inc. 401(k) Retirement Plan vs every filed plan by assets

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

$4,480,227 40th percentile higher than 40% 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

Friends Homes, Inc. 401(k) Retirement 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. Friends Homes, Inc. 401(k) Retirement Plan sits mid-pack in the medium band (321 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Friends Homes, Inc. 401(k) Retirement Plan reported net income fell from $374K in the plan year 2023 filing to $220K in the plan year 2024 filing.
  • Friends Homes, Inc. 401(k) Retirement Plan reported participants rose from 303 in the plan year 2023 filing to 321 in the plan year 2024 filing.
  • Friends Homes, Inc. 401(k) Retirement Plan end-of-year assets rose from $4M in the plan year 2023 filing to $4M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 560754599 · Friends Homes, Inc. PY 2024 · 401(k)

Friends Homes, Inc. 401(k) Retirement Plan · $4M · 321 · 40th

  • PART $4M
  • TYPE 321
  • NET 40th
  • BOOK 401(k)
  • VS-ST near Enclave Arch 401(k) Profit Sharing Plan
  • BOY ind #7169

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 Healthcare & Social Assistance retirement plans → · Plans in North Carolina →

Friends Homes, Inc. 401(k) Retirement Plan in the asset neighbourhood

Friends Homes, Inc. 401(k) Retirement PlanFriends Homes, Inc. 401(k) R…$4MEnclave Arch 401(k) Profit Sharing PlanEnclave Arch 401(k) Profit S…$4MNutra-Med Packaging, LLC 401(k) Profit Sharing PlanNutra-Med Packaging, LLC 401…$4MHoward Leasing, Inc. 401(k) Profit Sharing PlanHoward Leasing, Inc. 401(k) …$4MEarthworks, Inc. 401(k) Plan$4M
End-of-year total assets ($M) among Friends Homes, Inc. 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$4M
Net Assets (End of Year)$4M
Net Income$220K
Employer EIN560754599
Plan Effective Date1994-12-14
Filing StatusFILING RECEIVED

Sponsor Plan History (Friends Homes, Inc.)

Sponsor-wide plan assets over time

All Friends Homes, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$4M 16.85172033270798% vs 2022
2024 filing year
$3.6M$3.8M$4M$4.2M$4.4M$4.6M 202220232024 $3.83M $4.48M ▲ +17.0%
Year Plans Participants Total Assets
2022 1 283 $4M
2023 1 303 $4M
2024 1 321 $4M

Nearby 401(k) Plans in North Carolina

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

Friends Homes, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -20020406080 Total assets ($B) Participants Friends Homes, Inc. 401(k) Retirement Plan, Total assets ($B): 0.004480227 · Participants: 321Friends Homes, Inc. 401(k) Retirement 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
Friends Homes, Inc. 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Friends Homes, Inc. 401(k) Retirement Plan side-by-side with 3 peers →

Friends Homes, Inc. 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Enclave Arch 401(k) Profit Sharing Plan in CA ($4M); by covered participants it is Investar Holding Corporation 401(k) Plan in LA (321 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (321 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 Friends Homes, Inc. 401(k) Retirement Plan assets move in 2024? ▼
Friends Homes, Inc. 401(k) Retirement Plan grew at a solid clip - up 5.8% during 2024, from $4M to $4M. Reported net income was $220K.
How have Friends Homes, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Friends Homes, Inc.'s sponsor-wide assets grew 16.9%, from $4M to $4M.
Which 401(k) plans are similar in size to Friends Homes, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Enclave Arch 401(k) Profit Sharing Plan in CA ($4M, 3 participants).
Which 401(k) plans cover a similar participant headcount to Friends Homes, Inc. 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Investar Holding Corporation 401(k) Plan in LA (321 participants, $27M 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 560754599.

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.