Culp, Inc. 401(k) Plan: Login, Facts & Contact Information

Culp, Inc. 401(k) Plan Facts

Plan name
CULP INC EMPLOYEES RET BUILDER PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CULP INC EMPLOYEES RET BLDR PLAN
Participants
611 (459 active employees)
Former employees with a balance
131
Plan assets
$44,747,445 at Dec 31, 2024
Average account balance
$75,715 across 591 accounts
Employer contributions
$1,059,697 in plan year 2024 (32% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 1, 1981
✓ 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 Jun 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.29 million went into the plan in contributions, $1.06 million of it from the employer (32%).
  • $4.87 million was paid out to participants.
  • Investment and other income added $4.67 million.
  • Administrative expenses were $128,449, about $217 per account.

How the Culp, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019946$44.5 million$1.10 million$7.01 million
2020932$47.2 million$1.03 million$5.69 million
2021896$49.3 million$1.13 million$6.11 million
2022963$40.8 million$1.04 million$3.78 million
2023897$41.8 million$1.05 million$7.55 million
2024611$44.7 million$1.06 million$4.87 million

Culp, Inc. 401(k) Contact Information

Phone
336-889-5161
Mailing address
1823 EASTCHESTER DRIVE, SUITE 300, HIGH POINT NC 272651402
Plan sponsor
CULP INC EMPLOYEES RET BLDR PLAN
Employer identification number (EIN)
56-1001967
Plan number
001

Questions about the Culp, Inc. 401(k)

Does Culp, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.06 million, 32% of all contributions.

Does the Culp, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Culp, Inc 401(k) plan?

611 participants at the start of plan year 2024, 459 of them active employees, and 131 former employees who still had money in the plan.

What is the average 401(k) balance at Culp, Inc?

About $75,715 per account: $44.7 million in plan assets across 591 accounts with a balance at the end of plan year 2024.

Who manages the Culp, 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 Culp, 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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