<SEC-DOCUMENT>0001157523-20-000938.txt : 20200626
<SEC-HEADER>0001157523-20-000938.hdr.sgml : 20200626
<ACCEPTANCE-DATETIME>20200626092207
ACCESSION NUMBER:		0001157523-20-000938
CONFORMED SUBMISSION TYPE:	11-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20191231
FILED AS OF DATE:		20200626
DATE AS OF CHANGE:		20200626

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CULP INC
		CENTRAL INDEX KEY:			0000723603
		STANDARD INDUSTRIAL CLASSIFICATION:	BROADWOVEN FABRIC MILLS, COTTON [2211]
		IRS NUMBER:				561001967
		STATE OF INCORPORATION:			NC
		FISCAL YEAR END:			0503

	FILING VALUES:
		FORM TYPE:		11-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12597
		FILM NUMBER:		20991415

	BUSINESS ADDRESS:	
		STREET 1:		1823 EASTCHESTER DRIVE
		CITY:			HIGH POINT
		STATE:			NC
		ZIP:			27265
		BUSINESS PHONE:		3368895161

	MAIL ADDRESS:	
		STREET 1:		P O BOX 2686
		CITY:			HIGH POINT
		STATE:			NC
		ZIP:			27265
</SEC-HEADER>
<DOCUMENT>
<TYPE>11-K
<SEQUENCE>1
<FILENAME>a52238409.htm
<DESCRIPTION>CULP, INC. 11-K
<TEXT>
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  <div style="text-align: center; font-weight: bold; font-size: 16pt;">UNITED STATES</div>
  <font style="font-size: 16pt;"> </font>
  <div style="text-align: center; font-weight: bold; font-size: 16pt;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; font-weight: bold;">Washington, DC&#160; 20549</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold; font-size: 16pt;">FORM 11-K</div>
  <div><br>
  </div>
  <div style="text-align: center; font-weight: bold;">Annual Report pursuant to Section 15(d) of the Securities Exchange Act of 1934</div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 108pt; font-weight: bold;">For the fiscal year ended December 31, 2019</div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 109.5pt; font-weight: bold;">COMMISSION FILE NO. 1-12597</div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 72pt;"><font style="font-weight: bold;">A.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Full title of the Plan and the
      address of the Plan, if different from that of the issuer named below:</font></div>
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                <div style="text-align: center; font-weight: bold;">CULP, INC.&#160;&#160; EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
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  <div><br>
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  <font style="font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; B.</font><font id="TRGRRTFtoHTMLTab" style="text-indent: 0px; font-size: 5.14pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="font-weight: bold;">Name of issuer of the securities held pursuant to the Plan
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  <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;CULP, INC.</div>
  <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;1823 EASTCHESTER DRIVE</div>
  <div style="text-align: justify; text-indent: 72pt; font-weight: bold;">&#160;&#160;&#160;HIGH POINT, NORTH CAROLINA 27265</div>
  <div><br>
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  <div style="text-align: justify; font-weight: bold;">There were no material changes in the Plan or the Investment Policy of the Plan.&#160; Culp, Inc. has made no profit-sharing contributions during the past five years.&#160; The number of participants in the Plan
    at December 31, 2019 was 966. The Retirement Committee administers the Plan, and its members are Robert G. Culp, IV, Kenneth R. Bowling, and Teresa A. Huffman, all employees of Culp, Inc.</div>
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          <td style="width: 6%;" rowspan="1">&#160;</td>
          <td style="width: 50%; font-weight: bold;" rowspan="1">&#160;</td>
          <td style="font-weight: bold;" rowspan="1" colspan="2">&#160;</td>
          <td style="width: 24%;" colspan="1" rowspan="1">&#160;</td>
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          <td style="width: 50%; font-weight: bold;" rowspan="1" colspan="3">(a)&#160; Financial Statements.&#160; A list of all financial statements filed as part of this report, beginning on page 1, is set forth below:&#160;</td>
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            <div>&#160;</div>
          </td>
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            <div><u>Financial Statements</u></div>
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            <div style="text-align: center;"><u>Page of Report</u></div>
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          <td style="width: 6%;">
            <div>&#160;</div>
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          <td style="width: 50%;">
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          </td>
          <td style="width: 10%;">
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            <div style="font-weight: bold; text-align: right;">1</div>
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          <td style="width: 24%; font-weight: bold;" colspan="1">&#160;</td>
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            <div style="font-weight: bold; text-align: right;">3</div>
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          <td style="width: 24%; font-weight: bold;" colspan="1">&#160;</td>
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            <div style="font-weight: bold;">Statements of Changes in Net Assets Available for Benefits</div>
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          <td style="width: 10%;">
            <div style="font-weight: bold; text-align: right;">4</div>
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          <td style="width: 10%;" colspan="1">&#160;</td>
          <td style="width: 24%; font-weight: bold;" colspan="1">&#160;</td>
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            <div style="font-weight: bold; text-align: right;">5</div>
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            <div style="font-weight: bold;">Schedule of Assets (Held at End of Year)</div>
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            <div style="font-weight: bold; text-align: right;">12<br>
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          <td style="width: 24%; font-weight: bold;" colspan="1">&#160;</td>
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          <td style="width: 50%;">
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          <td style="width: 10%;">
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          <td style="width: 10%;" colspan="1">&#160;</td>
          <td style="width: 24%; font-weight: bold;" colspan="1">&#160;</td>
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          <td style="width: 6%;">
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            <div style="font-weight: bold;">(b)&#160; <u>Exhibits</u></div>
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          <td style="width: 10%;">
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          <td style="width: 10%;" colspan="1">&#160;</td>
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          <td style="width: 50%;">
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          <td style="width: 10%;">
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          <td style="width: 10%;">
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  <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
  <div><br>
  </div>
  <div style="text-align: justify; text-indent: 36pt; font-weight: bold;">Pursuant to the requirements of the Securities Exchange Act of 1934, the plan administrator has duly caused this annual report to be signed on its behalf by the undersigned hereunto
    duly authorized.</div>
  <div><br>
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  <div style="font-weight: 400;">
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        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 70%;">
            <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 70%;">
            <div style="font-weight: bold;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 70%;">
            <div style="font-weight: bold;">By:&#160; Culp, Inc., Plan Administrator</div>
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          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 70%;">
            <div style="font-weight: bold;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 30%;">
            <div>&#160;</div>
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          <td style="width: 70%;">
            <div style="font-weight: bold;">By:&#160; The Culp, Inc. Retirement Committee</div>
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    <div><br>
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  <div style="font-weight: bold;">Date:&#160; June 26, 2020</div>
  <div><br>
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          <td style="width: 30%;">
            <div>&#160;</div>
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          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;"><u>/s/ Robert G. Culp, IV</u></div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">Robert G. Culp, IV</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;"><u>/s/ Kenneth R. Bowling</u></div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">Kenneth R. Bowling</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">&#160;</div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;"><u>/s/ Teresa A. Huffman</u></div>
          </td>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 30%;">
            <div>&#160;</div>
          </td>
          <td style="width: 40%;">
            <div style="font-weight: bold; text-align: center;">Teresa A. Huffman</div>
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          <td style="width: 30%;">
            <div>&#160;</div>
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  <div style="font-weight: 400;"></div>
  <div style="font-weight: 400;"></div>
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  <div>
    <div>
      <div style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
    </div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">TABLE OF CONTENTS</div>
    <div><br>
    </div>
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          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;" rowspan="1" colspan="2">
              <div style="text-align: center;"><u>Page No.</u></div>
              <div></div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div>&#160;</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div><font style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Report of Independent Registered Public Accounting Firm</font></div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">1-2</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
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          <tr>
            <td style="width: 94%; font-weight: bold;">
              <div>Financial Statements</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;"></div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div style="margin-left: 9pt;">Statements of Net Assets Available for Benefits</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">3</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div style="margin-left: 9pt;">&#160;</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
              <div style="margin-left: 9pt;">Statements of Changes in Net Assets Available for Benefits&#160;</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">4</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
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          <tr>
            <td style="width: 94%;">
              <div style="margin-left: 9pt;">&#160;</div>
            </td>
            <td style="width: 4%;">
              <div style="text-align: right;">&#160;</div>
            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 94%;">
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            </td>
            <td style="width: 4%;">
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            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
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          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
            </td>
            <td style="width: 4%;">
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            </td>
            <td style="width: 2%;">
              <div>&#160;</div>
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          <tr>
            <td style="width: 94%; font-weight: bold;">
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            <td style="width: 4%;">
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            <td style="width: 2%;">
              <div>&#160;</div>
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          <tr>
            <td style="width: 94%;">
              <div>&#160;</div>
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            <td style="width: 4%;">
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            <td style="width: 2%;">
              <div>&#160;</div>
            </td>
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          <tr>
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              <div style="text-align: right;">12</div>
            </td>
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              <div>&#160;</div>
            </td>
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    <div></div>
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    <div>
      <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
    </div>
    <div>
      <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">Report of Independent Registered Public Accounting Firm</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif;">To the Retirement Committee of the</div>
    <div style="font-family: 'Times New Roman', Times, serif;">Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
    <div style="font-family: 'Times New Roman', Times, serif;">High Point, North Carolina</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Opinion on the Financial Statements</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">We have audited the accompanying statements of net assets available for benefits of the Culp, Inc. Employees&#8217; Retirement Builder Plan (the &#8220;Plan&#8221;) as of December 31, 2019
      and 2018, the related statement of changes in net assets available for benefits for the years ended December 31, 2019, 2018 and 2017, and the related notes (collectively, the &#8220;financial statements&#8221;). In our opinion, the financial statements present
      fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2019 and 2018, and the changes in net assets available for benefits for the years ended December 31, 2019, 2018, and 2017, in conformity with
      accounting principles generally accepted in the United States of America.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Basis for Opinion</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">These financial statements are the responsibility of the Plan&#8217;s management. Our responsibility is to express an opinion on the Plan&#8217;s financial statements based on our
      audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (&#8220;PCAOB&#8221;) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the
      applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about
      whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we
      are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan&#8217;s internal control over financial reporting. Accordingly, we express no such
      opinion.</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Our audits included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures
      that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates
      made by the Plan&#8217;s management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="text-align: right;" id="DSPFPageNumberArea"><font style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;" id="DSPFPageNumber">Page 1</font></div>
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    <div>
      <div>
        <div>
          <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        </div>
        <div>
          <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        <div>&#160;</div>
      </div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Supplemental Information</div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2019 has been subjected to audit procedures performed in
      conjunction with the audit of the Plan&#8217;s financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but included supplemental information required by
      the Department of Labor&#8217;s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan&#8217;s management. Our audit procedures included
      determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the
      supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor&#8217;s Rules and Regulations for
      Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif;">/s/ Smith Leonard PLLC</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif;">We have served as the Plan&#8217;s auditor since 2012. <br>
    </div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">High Point, North Carolina</div>
    <div>&#160;</div>
    <div style="font-family: 'Times New Roman', Times, serif;">June 26, 2020</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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    <div>
      <div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">
          <table cellspacing="0" cellpadding="0" id="z846be6eab8054387943976b3b03a1083" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

              <tr>
                <td valign="bottom" colspan="1" style="vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" colspan="4" style="vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">December 31, 2019 and 2018</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ASSETS</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2019</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="text-align: center; color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">2018</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">Investments, at fair value (Note C)</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Registered investment companies</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">37,674,599</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">32,136,490</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Common and collective trust fund</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">5,743,770</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">6,655,744</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Culp, Inc. common stock</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,050,797</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,473,217</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">&#160;&#160;&#160;&#160;Money market fund</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">43,113</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">86,206</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">44,512,279</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">40,351,657</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 76%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">Receivables</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
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                <td valign="bottom" style="vertical-align: top; width: 76%; padding-bottom: 2px;">&#160;</td>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <td valign="bottom" style="vertical-align: top; width: 76%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
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                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">40,388,838</div>
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        </div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;"> See accompanying notes to the financial statements.</div>
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          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 3</font></div>
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                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
                <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
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                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">6,293,400</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">(5,084,644</div>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">3,498,466</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,576,311</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">2,133,824</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,985,944</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">7,869,711</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">(2,950,820</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">5,484,410</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Contributions</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Employer</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,097,387</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,079,731</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,011,494</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Participant</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,938,609</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,900,791</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">1,773,963</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
                  <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Direct rollovers</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">338,656</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">578,498</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">110,789</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
                  <div style="color: rgb(0, 0, 0); margin-left: 36pt;">Total contributions</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">3,374,652</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">3,559,020</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">2,896,246</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Benefits paid to participants</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">7,010,433</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">9,092,389</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">2,522,143</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
                  <div style="color: rgb(0, 0, 0); margin-left: 9pt;">Administrative expenses</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">110,489</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">108,063</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">80,123</div>
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                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
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                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">4,123,441</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">(8,592,252</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">)</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">5,778,390</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">NET ASSETS AVAILABLE</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">
                  <div style="color: rgb(0, 0, 0); margin-left: 9pt;">FOR BENEFITS</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 2px;">
                  <div style="color: rgb(0, 0, 0); margin-left: 18pt;">Beginning of year</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">40,388,838</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">48,981,090</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">43,202,700</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
              </tr>
              <tr>
                <td valign="bottom" style="vertical-align: top; width: 64%; padding-bottom: 4px;">
                  <div style="color: rgb(0, 0, 0); margin-left: 18pt;">End of year</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">44,512,279</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">40,388,838</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">$</div>
                </td>
                <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
                  <div style="color: #000000; font-family: 'Times New Roman', Times, serif;">48,981,090</div>
                </td>
                <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
              </tr>

          </table>
          <div><br>
          </div>
          <div>See accompanying notes to the financial statements.<br>
          </div>
          <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
            <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="color: #000000; font-weight: bold; font-style: normal;">Page 4</font></div>
            <div id="DSPFPageBreak" style="page-break-after: always;">
              <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
          </div>
        </div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">
          <div>
            <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
            <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
            <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
          </div>
          <div>
            <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <div><br>
          </div>
          <div style="text-align: justify; font-weight: bold;">NOTE A - DESCRIPTION OF PLAN</div>
          <div><br>
          </div>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">The following description of the Culp, Inc. Employees&#8217; Retirement Builder Plan (the &#8220;Plan&#8221;) provides only general information.&#160; Participants should
            refer to the summary plan description for a more complete description of the Plan&#8217;s provisions.</div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;"><u>General</u></div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">The Plan is a defined contribution plan covering all full-time employees of Culp, Inc., and its subsidiaries (the &#8220;Company&#8221;) who have three months
            of continuous service and are at least 21 years of age.&#160; Employees who elect to participate in the Plan may do so in the next available payroll period.&#160; The Plan is subject to the provisions of the Employee Retirement Income Security Act of
            1974 (&#8220;ERISA&#8221;).</div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">On April 1, 2018, the Company acquired Read Window Products, Inc. (Read), a turn-key provider of window treatments that offers sourcing of
            upholstery fabrics and other products, measuring, and installation services of their own products for the hospitality and commercial industries. Eligible employees associated with Read were able to participate in the Plan as of April 1, 2018.</div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">On June 22, 2018, the Company acquired a majority ownership interest in eLuxury, LLC (eLuxury), a company that markets bedding accessories and home
            goods directly to consumers and businesses through e-commerce and business-to-business sales channels. Eligible employees associated with eLuxury were able to participate in the Plan as of August 1, 2018. Effective March 31, 2020, the company
            sold its entire ownership interest in eLuxury, and therefore, employees of eLuxury are no longer able to participate in the Plan.</div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;"><u>Contributions</u></div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Each year, participants may contribute compensation, as defined in the Plan document, subject to certain Internal Revenue Code (&#8220;IRC&#8221;)
            limitations.&#160; Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.&#160; Participants may also contribute amounts representing distributions from other qualified defined benefit or
            defined contribution plans.&#160; Participants direct the investment of their contributions into various investment options offered by the Plan.&#160; The Plan currently offers various registered investment company funds, one common and collective trust
            fund, and Culp, Inc. common stock as investment options for participants.&#160; The Company makes matching safe harbor contributions equal to 100% of the participant&#8217;s contribution up to the first 4% of annual compensation contributed to the Plan.&#160;
            An employee who is eligible to participate in the Plan, but does not either affirmatively elect to decline participation or designate a specified amount to be contributed to the Plan, is required to have their compensation reduced by 3%, which
            is in turn contributed into the Plan&#8217;s Moderate Allocation Fund. Effective January 1, 2020, employees who elect to participate in the Plan are required to contribute at least 2% of their annual compensation to the Plan.</div>
          <font style="font-weight: normal;"> </font>
          <div><font style="font-weight: normal;"><br>
            </font> </div>
          <font style="font-weight: normal;"> </font>
          <div style="text-align: justify; font-family: 'Times New Roman',Times,serif; font-weight: normal;">Additional profit-sharing amounts may be contributed at the option of the Company.&#160; No profit-sharing contributions were made during the years
            ended December 31, 2019, 2018, or 2017.</div>
        </div>
        <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
          <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 5</font></div>
          <div id="DSPFPageBreak" style="page-break-after: always;">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Participant Accounts</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Each participant&#8217;s account is credited with the participant&#8217;s contributions and Company matching contributions, as well as allocations of (a) the Company&#8217;s profit-sharing
      contributions, (b) Plan earnings, and (c) Plan administrative expenses. Allocations are based on participant earnings, account balances or specific transactions, as defined.&#160; The benefit to which a participant is entitled is the benefit that can be
      provided from the participant&#8217;s vested account. </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Vesting</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Participants are immediately vested in their own voluntary contributions and the Company&#8217;s matching contributions plus actual earnings thereon.</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman', Times, serif;"><u>Notes Receivable from Participants</u></div>
    <div>&#160;</div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Notes receivable from participants are not permitted by the Plan.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Payment of Benefits</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Upon termination of service due to death, disability, retirement, or other reasons as defined by the Plan, participants receive a lump-sum distribution equal to the value
      of the participant&#8217;s vested interest in the Plan. In-service distributions may be made to participants who have reached age 59 1/2. Withdrawals from the Plan may also be made upon circumstances of financial hardship, in accordance with provisions
      specified by the Plan.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Basis of Accounting</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The financial statements of the Plan are prepared under the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of
      America.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Investment Valuation and Income Recognition</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Plan&#8217;s investments are stated at fair value.&#160; Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
      between market participants at the measurement date. Purchases and sales of securities are recorded on a trade-date basis.&#160; Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation or
      depreciation includes the Plan's gains and losses on investments bought and sold as well as held during the year.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Use of Estimates</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates
      and assumptions that affect certain reported amounts of assets and liabilities and changes therein, and disclosures.&#160; Actual results could differ from those estimates.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 6</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;"></div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Payment of Benefits</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Benefits are recorded when paid.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE C - FAIR VALUE MEASUREMENTS</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Financial Accounting Standards Board issued a statement that defines fair value and establishes a framework for measuring fair value.&#160; That framework provides a fair
      value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.&#160; The hierarchy gives the highest priority to unadjusted quoted market prices in active markets for identical assets or liabilities (Level 1 measurement)
      and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of fair value hierarchy are described as follows:</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; font-family: 'Times New Roman', Times, serif;">Level 1 - Quoted market prices in active markets for identical assets and liabilities,</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Level 2 - Inputs other than level 1 inputs that either are directly or indirectly observable, and</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 0pt; font-family: 'Times New Roman', Times, serif;">Level 3 - Unobservable inputs developed using the company&#8217;s estimates and assumptions, which reflect those a market participant would use.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following is
      a description of the valuation methodologies used for instruments measured at fair value, including the general classification of such instruments pursuant to the valuation hierarchy. There have been no changes in the methodologies used at during the
      years ended December 31, 2019, 2018, and 2017, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Registered Investment Companies</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">These investments are public investment vehicles valued using the net asset value (&#8220;NAV&#8221;) provided by the administrator of the fund.&#160; The NAV is based on the value of the
      underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding.&#160; The NAV is a quoted price in an active market and classified within Level 1 of the valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Common and Collective Trust Fund</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">This investment is valued using the NAV as a practical expedient and is not classified in the fair value hierarchy. There are no participant redemption restrictions for
      this investment; the redemption notice period is applicable only to the Plan.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 7</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
        <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
        <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
      <div><br>
      </div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The following tables present information for which the NAV per share practical expedient was used:</div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" border="0" id="zfc78ba34cdd14a1c9e9cbf395fdb9bcc" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="vertical-align: top; width: 36%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 1.05%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 15.22%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: bottom; width: 15%; text-align: center; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">December 31, 2019</div>
          </td>
          <td style="vertical-align: top; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="vertical-align: top; width: 15%; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Redemption</div>
            <div></div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Frequency (If</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">Unfunded</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Currently</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">Redemption</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description&#160;</div>
          </td>
          <td style="width: 1.05%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
          </td>
          <td style="width: 15.22%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Fair Value</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Commitments</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Eligible)</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Notice Period</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.05%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Stable Value Trust Fund</div>
          </td>
          <td style="width: 1.05%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15.22%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;$ 5,743,770</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; text-align: center; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman',Times,serif;">N/A</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: center;">Daily</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: center;">24 months</div>
          </td>
        </tr>
        <tr>
          <td style="vertical-align: top;" colspan="9">
            <div>
              <div style="text-align: center;"> &#160;</div>
            </div>
            <div></div>
          </td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.05%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">December 31, 2018</div>
          </td>
          <td style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.05%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Redemption</div>
            <div></div>
          </td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Frequency (If</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top;">&#160;</td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">Unfunded</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: top;">
            <div style="text-align: center;">Currently</div>
          </td>
          <td style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">Redemption</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description&#160;</div>
          </td>
          <td style="width: 1.05%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div>&#160;</div>
          </td>
          <td style="width: 15.22%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">Fair Value</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Commitments</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Eligible)</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Notice Period</div>
          </td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1.05%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 15.22%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 1%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top;">&#160;</td>
          <td style="width: 1.05%; vertical-align: top;">&#160;</td>
          <td style="width: 15.22%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
          <td style="width: 1%; vertical-align: bottom;">&#160;</td>
          <td style="width: 15%; vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 36%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Stable Value Trust Fund</div>
          </td>
          <td style="width: 1.05%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
          <td style="width: 15.22%; vertical-align: bottom; border-bottom: #000000 2px solid;">
            <div style="text-align: center;">&#160;$ 6,655,744</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); text-align: center;">
            <div style="font-family: 'Times New Roman',Times,serif;">N/A</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Daily</div>
          </td>
          <td style="width: 1%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 15%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">24 months</div>
          </td>
        </tr>

    </table>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Culp, Inc. Common Stock</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">This investment is valued at the closing price reported on the active market in which the individual security is traded. This investment is classified within Level 1 of the
      valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Plan held 77,151 shares and 77,948 shares of the Company&#8217;s common stock at December 31, 2019 and 2018, respectively. The cost basis of these shares of the Company&#8217;s
      common stock was $763,086 and $719,891 at December 31, 2019 and 2018, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;"><u>Money Market Fund</u></div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">This investment is a public investment vehicle valued using $1 for the NAV.&#160; The money market fund is classified within Level 2 of the valuation hierarchy.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values.&#160; Furthermore, while
      the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair
      value measurement at the reporting date.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 8</font></div>
      <div style="page-break-after: always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div>
          <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
          <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
          <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
        </div>
        <div>
          <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        <div><br>
        </div>
      </div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The following tables present information about assets and liabilities measured at fair value on a recurring basis:</div>
    <div>&#160;</div>
    <table cellspacing="0" cellpadding="0" id="z60138e210ef141f3a48ddad99a08373a" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

        <tr>
          <td valign="bottom" colspan="16" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Fair Value Measurements at December 31, 2019 using:</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Quoted Prices in</div>
            <div style="text-align: center;"> Active Markets</div>
            <div style="text-align: center;"> for Identical</div>
            <div style="text-align: center;"> Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Significant other</div>
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          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Significant</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description&#160;</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 1</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">
            <div style="font-style: italic;">Investments at fair value:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>Registered investment companies</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>37,674,599</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>37,674,599</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>Culp, Inc. common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,050,797</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,050,797</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Money market fund</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>-</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>43,113</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>-</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>43,113</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments in the fair value hierarchy</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>38,725,396</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>43,113</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>-</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">
            <div>38,768,509</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div style="font-style: italic;">Investments at net asset value:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
            <div>Common and collective trust fund</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>5,743,770</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>44,512,279</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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    </div>
    <div><br>
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    <table cellspacing="0" cellpadding="0" id="z3e7236f4ce86413fb4242df9860dcee1" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; text-align: left; color: rgb(0, 0, 0); width: 100%;">

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          <td valign="bottom" colspan="16" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Fair Value Measurements at December 31, 2018 using:</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>&#160;</div>
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          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Quoted Prices in</div>
            <div style="text-align: center;"> Active Markets</div>
            <div style="text-align: center;"> for Identical</div>
            <div style="text-align: center;"> Assets</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Significant other</div>
            <div style="text-align: center;"> Observable Inputs</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <div style="text-align: center;">Significant</div>
            <div style="text-align: center;"> Unobservable</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Description&#160;</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 1</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 2</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Level 3</div>
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          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center;">Total</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
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        <tr>
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            <div style="font-style: italic;">Investments at fair value:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" colspan="2" style="vertical-align: bottom;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>Registered investment companies</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>32,136,490</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>32,136,490</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div>Culp, Inc. common stock</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,473,217</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">
            <div>1,473,217</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>Money market fund</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments in the fair value hierarchy</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>33,609,707</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>86,206</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>-</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 4px;">
            <div>33,695,913</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 4px;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">
            <div style="font-style: italic;">Investments at net asset value:</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; padding-bottom: 2px;">
            <div>Common and collective trust fund</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; padding-bottom: 2px;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0);">
            <div>6,655,744</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%;">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%;">&#160;</td>
        </tr>
        <tr>
          <td valign="bottom" style="vertical-align: top; width: 52%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>Total investments at fair value</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>$</div>
          </td>
          <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double rgb(0, 0, 0);">
            <div>40,351,657</div>
          </td>
          <td valign="bottom" nowrap="nowrap" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
        </tr>

    </table>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 9</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div>
      <div>
        <div>
          <div>
            <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
            <div style="font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
            <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
          </div>
          <div>
            <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
        </div>
      </div>
      <br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE D - EXEMPT PARTY-IN-INTEREST TRANSACTIONS</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Plan investments include shares of the Company&#8217;s common stock. Transactions in the Company&#8217;s common stock also qualify as party-in-interest.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Administrative fees paid directly by the Plan to Raymond James Financial Services for investment advisory and other administrative services were $84,649, $93,713, and
      $66,123 during 2019, 2018 and 2017, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Administrative fees paid directly by the Plan to Smith Leonard PLLC for audit services were $14,500 during 2019, and $14,000 during 2018 and 2017, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Administrative fees paid directly by the Plan to MassMutual Retirement Services, LLC were $11,340 during 2019. Administrative expenses paid directly by the Plan to
      MassMutual Retirement Services, LLC were immaterial for disclosure during 2018 and 2017, respectively.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE E - PLAN TERMINATION</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject
      to the provisions of ERISA.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE F - TAX STATUS</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Plan has adopted a prototype plan document sponsored by an affiliate of the Plan&#8217;s trustee. The Internal Revenue Service has determined and informed the Plan&#8217;s trustee
      by a letter dated March 31, 2014, that the Plan is designed and in compliance with the applicable requirements of the IRC. The Plan administrator and the Plan&#8217;s tax counsel believe that the Plan is designed and currently being operated in compliance
      with the applicable requirements of the IRC and, therefore, believe that the Plan is qualified, and the related trust is tax-exempt.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE G - RISKS AND UNCERTAINTIES</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Plan invests in various investment securities.&#160; Investment securities are exposed to various risks, such as interest rate, credit, and overall market volatility.&#160; Due
      to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the participants&#8217;
      account balances and the amounts reported in the Statements of Net Assets Available for Benefits.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOTE H &#8211; SUBSEQUENT EVENTS</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">On March 11, 2020, the World Health Organization declared the coronavirus (&#8220;COVID-19&#8221;) a global pandemic and recommended containment and mitigation measures worldwide. The
      pandemic has significantly affected the economic conditions in the U.S., accelerating during the first half of March, as federal, state, and local governments are reacting to the public health crisis, creating significant uncertainties in the
      economy. The Company cannot reasonably estimate the length or severity of this pandemic, however, as a result of these developments the Company expects a material adverse impact on its sales, results of operations, and cash flows for the remainder of
      its fiscal 2020 and fiscal 2021. The Company&#8217;s fiscal year is the 52 or 53-week period ending on the Sunday closest to April&#160;30.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 10</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">
      <div>
        <div>
          <div>
            <div style="font-weight: bold;">CULP, INC. EMPLOYEES' RETIREMENT BUILDER PLAN</div>
            <div style="font-weight: bold;">NOTES TO FINANCIAL STATEMENTS</div>
            <div style="font-style: normal; font-weight: bold;">DECEMBER 31, 2019, 2018 AND 2017</div>
          </div>
          <div>
            <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
          <br>
        </div>
      </div>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The Company has not made any changes to the provisions of the Plan, as employer matching contributions are still in effect and participants can continue to make salary
      deferral contributions to the Plan.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">The pandemic has adversely affected global economic activity and greatly contributed to significant deterioration and financial instability in financial markets. Investment
      securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the fair value of investment
      securities will continue in the near term and that such changes could materially affect participants&#8217; account balances and the amounts reported in the statements of net assets available for benefits and the statements in changes in net assets
      available for benefits. Because the fair values of the Plan&#8217;s individual investments have and will fluctuate in response to changing market conditions, the amount of losses that will be recognized in subsequent periods, if any, and the related impact
      on the Plan&#8217;s liquidity cannot be determined at this time.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', Times, serif;">On March 27, 2020, the Coronavirus Aid Relief and Economic Security Act, also known as the CARES Act, was signed into law by President Donald J. Trump. The CARES act
      contains several provisions that temporarily affect 401(k) plans, such as the waiver of required minimum distributions, a new hardship withdrawal option, increased loan limits, and a loan payment pause option. The Company has incorporated the
      required minimum distributions and new hardship withdrawal option provisions into Plan. The requirements regarding the increased loan limits and a loan payment pause option were not incorporated into the Plan, as the Plan does not permit loans to
      participants.</div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 11</font></div>
      <div id="DSPFPageBreak" style="page-break-after: always;">
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    </div>
    <div><br>
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    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-style: italic; font-weight: bold;">SUPPLEMENTAL INFORMATION</div>
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            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">CULP, INC. EMPLOYEES&#8217; RETIREMENT BUILDER PLAN</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td colspan="9" style="vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">SCHEDULE H, LINE 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)</div>
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          <td colspan="3" style="vertical-align: top;">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">EIN: 56-1001967</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">PLAN NUMBER: 001</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td colspan="3" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif; font-weight: bold;">December 31, 2019</div>
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          <td style="width: 2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 22%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10.74%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 2%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
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          <td style="width: 4%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 44%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: center; color: #000000; font-weight: bold;">Value</div>
          </td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">Invesco Stable Value Trust Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">5,743,770 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">&#160;&#160; &#160;&#160; 5,743,770</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">MFS Moderate Allocation Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">440,335 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">8,190,223</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">118,919 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">5,283,580</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">MFS Total Return Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">223,769 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">4,470,896</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">Franklin Dynatech Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">46,133 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">4,088,786</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">MFS Growth Allocation Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">184,432 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">4,026,157</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">American Century Mid Cap Value Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">82,567 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">1,406,947</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">MFS International Diversification Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">67,198 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">1,401,766</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">DWS RREEF Real Estate Securities Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">56,456 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 44%; vertical-align: top;">&#160;</td>
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          <td style="width: 22%; vertical-align: top;">&#160;</td>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
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          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">1,229,675</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">46,382 units</div>
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">66,891 units</div>
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
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          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">1,155,871</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">69,567 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">1,126,987</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">76,219 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">753,048</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">32,305 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">514,612</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">30,618 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">450,697</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">
            <div style="color: #000000;">Lord Abbett Bond Debenture Fund</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">43,770 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">355,414</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">MassMutual Select T. Rowe Price Retirement 2030 Fund</div>
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">16,658 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">266,859</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">MassMutual Select T. Rowe Price Retirement 2035 Fund</div>
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">12,561 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">202,864</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">MassMutual Select T. Rowe Price Retirement 2040 Fund</div>
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">6,417 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">104,084</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">5,205 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">84,788</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">MassMutual Select T. Rowe Price Retirement 2015 Fund</div>
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          <td style="width: 22%; vertical-align: top;">
            <div style="text-align: center; color: #000000;">2,869 units</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
            <div style="text-align: center;">-</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">
            <div style="text-align: right; color: #000000;">44,788</div>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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        <tr>
          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="color: #000000;">MassMutual Select T. Rowe Price Retirement 2055 Fund</div>
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          <td style="width: 22%; vertical-align: top;">
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          <td style="width: 44%; vertical-align: top;">&#160;</td>
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: bottom; text-align: center; font-family: 'Times New Roman',Times,serif;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top; padding-bottom: 2px;">
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          <td style="width: 44%; vertical-align: top; padding-bottom: 2px;">
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          <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 2px;">
            <div style="text-align: center; color: #000000;">77,151 shares</div>
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          <td style="width: 10.74%; vertical-align: bottom; font-family: 'Times New Roman',Times,serif;">
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          <td colspan="1" style="width: 1%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          <td style="width: 10%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">1,050,797</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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          <td style="width: 4%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 44%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 22%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
          <td style="width: 2%; vertical-align: top; padding-bottom: 4px;">&#160;</td>
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          <td style="width: 10%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0);">
            <div style="text-align: right; color: #000000;">44,512,279</div>
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          <td style="width: 4%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 44%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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            <div style="color: #000000;">Indicates party-in-interest.</div>
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          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 22%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
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          <td style="width: 10%; vertical-align: top;">&#160;</td>
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            <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',Times,serif;">**</div>
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            <div style="color: #000000;">Cost information omitted for participant-directed investments.</div>
          </td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td style="width: 10.74%; vertical-align: top;">&#160;</td>
          <td style="width: 2%; vertical-align: top;">&#160;</td>
          <td colspan="1" style="width: 1%; vertical-align: top;">&#160;</td>
          <td style="width: 10%; vertical-align: top;">&#160;</td>
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  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
    <div id="DSPFPageNumberArea" style="text-align: right;"><font id="DSPFPageNumber" style="font-family: 'Times New Roman', Times, serif; color: #000000; font-weight: bold; font-style: normal;">Page 12</font></div>
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  </div>
  <div>
    <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXHIBIT INDEX</div>
    <div><br>
    </div>
    <div>
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          <tr>
            <td style="width: 28.53%;">
              <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;"><u>Exhibit Number</u></font></div>
            </td>
            <td style="width: 42.87%;">
              <div>
                <div style="text-align: center;"><font style="font-family: 'Times New Roman',Times,serif;"><u>Exhibit</u></font></div>
              </div>
            </td>
            <td style="width: 28.53%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.53%;">
              <div>&#160;</div>
            </td>
            <td style="width: 42.87%;">
              <div>&#160;</div>
            </td>
            <td style="width: 28.53%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.53%;">
              <div>&#160;</div>
            </td>
            <td style="width: 42.87%;">
              <div>&#160;</div>
            </td>
            <td style="width: 28.53%;">
              <div>&#160;</div>
            </td>
          </tr>
          <tr>
            <td style="width: 28.53%;">
              <div style="text-align: center;"><a href="a52238409ex23_a.htm">23A</a><br>
              </div>
            </td>
            <td colspan="2" rowspan="1" style="width: 42.87%;">
              <div><a href="a52238409ex23_a.htm">23A Consent of Independent Registered PublicAccounting Firm in connection with theregistration statement of
                  Culp, Inc. on FormS-8 (File No. 33-13310).</a></div>
            </td>
          </tr>

      </table>
    </div>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.A
<SEQUENCE>2
<FILENAME>a52238409ex23_a.htm
<DESCRIPTION>EXHIBIT 23A
<TEXT>
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    <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-weight: bold;">EXHIBIT 23A</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">The Retirement Committee of the</div>
    <div style="font-family: 'Times New Roman',Times,serif;">Culp, Inc. Employees&#8217; Retirement Builder Plan</div>
    <div style="font-family: 'Times New Roman',Times,serif;">High Point, North Carolina</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman',Times,serif;">We consent to the incorporation by reference in the Registration Statement No. 33-13310 on Form S-8 of our report dated June 26, 2020, with respect
      to the financial statements and schedules of the Culp, Inc. Employees&#8217; Retirement Builder Plan included in this Annual Report on Form 11-K for the years ended December 31, 2019, 2018, and 2017.</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">/s/ Smith Leonard PLLC</div>
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    </div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',Times,serif;">High Point, North Carolina</div>
    <div style="font-family: 'Times New Roman',Times,serif; font-style: italic;">June 26, 2020</div>
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