Bassett Furniture Industries, Inc. 401(k) Plan: Login, Facts & Contact Information

Bassett Furniture Industries, Inc. 401(k) Plan Facts

Plan name
BASSETT FURNITURE IND. INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BASSETT FURNITURE IND. INC.
Participants
1,820 (1,223 active employees)
Former employees with a balance
415
Plan assets
$72,756,443 at Dec 31, 2024
Average account balance
$47,929 across 1,518 accounts
Employer contributions
$943,957 in plan year 2024 (16% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 1974
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 8, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.05 million went into the plan in contributions, $943,957 of it from the employer (16%).
  • $8.35 million was paid out to participants.
  • Investment and other income added $7.35 million.
  • Administrative expenses were $216,490, about $143 per account.

How the Bassett Furniture Industries, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20192,227$58.9 million$1.03 million$6.18 million
20202,124$60.3 million$552,599$9.66 million
20211,651$68.0 million$1.07 million$4.63 million
20221,915$59.0 million$1.07 million$7.25 million
20231,771$68.0 million$1.02 million$5.77 million
20241,820$72.8 million$943,957$8.35 million

Bassett Furniture Industries, Inc. 401(k) Contact Information

Phone
276-629-6393
Mailing address
3525 FAIRYSTONE PARK HIGHWAY, BASSETT VA 24055
Plan sponsor
BASSETT FURNITURE IND. INC.
Employer identification number (EIN)
54-0135270
Plan number
002

Questions about the Bassett Furniture Industries, Inc. 401(k)

Does Bassett Furniture Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $943,957, 16% of all contributions.

Does the Bassett Furniture Industries, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Bassett Furniture Industries, Inc 401(k) plan?

1,820 participants at the start of plan year 2024, 1,223 of them active employees, and 415 former employees who still had money in the plan.

What is the average 401(k) balance at Bassett Furniture Industries, Inc?

About $47,929 per account: $72.8 million in plan assets across 1,518 accounts with a balance at the end of plan year 2024.

Who manages the Bassett Furniture Industries, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bassett Furniture Industries, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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