# Davis Furniture Industries, INC DC Plan
Source: https://planprovider.pro/companies/davis-furniture-industries-inc-560591838-001

> Davis Furniture Industries, INC's DC plan: 280 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Davis Furniture Industries, INC

- **Sponsor EIN:** 560591838

- **Sponsor Address:** P. O. BOX 2065, HIGH POINT, NC, 272612065

- **Plan Type:** DC

- **Plan Number:** 001

- **Total Participants:** 280

- **Total Assets:** $13.2M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|280|$13.2M|$822,191|$0|

| 2023|273|$12.2M|$872,235|$0|

| 2022|250|$10.7M|$1.0M|$0|

## 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|

| PINNACLE BANK|Other Service Provider|$15,835|—|$15,835|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $15,835

- **Estimated Expense Ratio:** 0.120% of plan assets

### 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|$15,835|$15,835|—|—|—|

| 2023|$14,042|$14,042|—|—|—|

| 2022|$13,480|$13,480|—|—|—|

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