Plan Snapshot
- Plan Sponsor: Bassett Furniture Ind. INC.
- Sponsor EIN: 540135270
- Sponsor Address: 3525 FAIRYSTONE PARK HIGHWAY, BASSETT, VA, 24055
- Plan Type: 401(k)
- Total Participants: 1,223
- Total Assets: $72.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,223 | $72.8M | $943,957 | $4.5M |
| 2023 | 1,302 | $68.0M | $1.0M | $4.9M |
| 2022 | 1,294 | $59.0M | $1.1M | $5.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SMITH LEONARD PLLC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SMITH LEONARD PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $216,490 | $58,589 | — | — | — |
| 2023 | $220,753 | $51,246 | $161,657 | $4,000 | — |
| 2022 | $230,621 | $66,745 | $160,642 | — | — |