Plan Snapshot
- Plan Sponsor: Sherrill Furniture Company
- Sponsor EIN: 560475593
- Sponsor Address: 2405 HIGHLAND AVE NE, HICKORY, NC, 28601
- Plan Type: 401(k)
- Total Participants: 819
- Total Assets: $46.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 819 | $46.6M | $541,808 | $1.6M |
| 2023 | 914 | $47.5M | $558,880 | $1.6M |
| 2022 | 841 | $45.1M | $605,859 | $1.7M |
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 | $150,116 | $69,500 | — | — | — |
| 2023 | $142,693 | $69,500 | — | — | — |
| 2022 | $136,684 | — | $136,684 | — | — |