# Bassett Furniture Ind. INC. 401(k) Plan
Source: https://planprovider.pro/companies/bassett-furniture-industries-inc-401k-plan

> Bassett Furniture Ind. INC.'s 401(k) plan: 1,223 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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