BASSETT FURNITURE IND. INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of BASSETT FURNITURE IND. INC. 401(K) PLAN is $59,037,215.This plan was established in 1974.

At the end of 2022, the total number of retirement plan participants in BASSETT FURNITURE IND. INC. 401(K) PLAN is 1915

In 2022, the average participant retirement account value for BASSETT FURNITURE IND. INC. 401(K) PLAN is $30,828

In 2022, the estimated average employee contribution amount per participant for BASSETT FURNITURE IND. INC. 401(K) PLAN is $2,857

In 2022, the estimated average employer match for an employee in BASSETT FURNITURE IND. INC. 401(K) PLAN is approximately $559

In 2022, BASSETT FURNITURE IND. INC. 401(K) PLAN allocates $1,070,843 to match its employees’ contributions, providing an employer match rate of 21.02% of their contributions

In 2022, the total retirement plan asset growth rate of BASSETT FURNITURE IND. INC. 401(K) PLAN is -13.17%

In 2022, the estimated aggregate retirement account investment gain/loss for BASSETT FURNITURE IND. INC. 401(K) PLAN is -11.64%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of BASSETT FURNITURE IND. INC. 401(K) PLAN is 0.39%.

Enrollment Features

BASSETT FURNITURE IND. INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.