Plan Ledger DOL Form 5500 · updated monthly

Davis Furniture Industries, Inc.Stock bonus plan

DAVIS FURNITURE INDUSTRIES, INC. EMPLOYEE STOCK BONUS PLAN AND TRUST · HIGH POINT, NC · plan year 2024

Reported admin expense ratio · 2024
0.12%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Davis Furniture Industries, Inc. reported $15,835 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $2,936 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.13% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 957th-largest of 2,005 plans among North Carolina employers on file, and 7,645th of 13,661 in manufacturing. active participation has grown from 250 to 280 since 2022.

Plan summary
Net assets, end of year$13,216,824
Participants with balances301
Active participants280
Employer contributions$822,191
Employee contributions—
Employer contribution per active participant$2,936
Average account balance$43,910
Benefits paid to participants$1,585,021
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.2M · 301 accts · $822K emplr
2023$12.2M · 287 accts · $872K emplr
2022$10.7M · 266 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Investment management$15,835
Total administrative$15,835
Employer contributions to the Davis Furniture Industries, Inc. plan · 2024
Employer contribution per active participant$2,936
Median for plans this size$2,416
2024$2,936 per active participant
2023$3,195 per active participant
2022$4,154 per active participant

Davis Furniture Industries, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
PINNACLE BANK · Trustee$15,835

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$15,835 · 0.12%
2023$14,042 · 0.12%
2022$13,480 · 0.13%
All plans at this employer2
DAVIS FURNITURE INDUSTRIES, INC. EMPLOYEE STOCK BONUS PLAN AND TRUSTStock bonus plan
DAVIS FURNITURE INDUSTRIES, INC. EMPLOYEES' 401(K) PLAN AND TRUST401(k)
Same employer
Similar plansManufacturing · North Carolina
United Brass Works, Inc. NC$13.3M · 0.06%
Low and Bonar, Inc. NC$13.3M · 0.05%
Sarstedt, Inc. NC$13.2M · 0.04%
Sealy Mattress Corporation NC$13.1M · 0.22%
Fairfield Chair Company NC$12.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 560591838 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.