Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Bueno Foods 401(k) Plan

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

Sponsored by El Encanto, Inc. Dba Bueno Foods · New Mexico · Manufacturing

What the 2023 filing shows

Bueno Foods 401(k) Plan holds $7M for 294 participants — about $24,455 per participant, down 12.2% over the 2022 plan year.

$7M
total plan assets (2022 EOY)
294
covered participants
$24,455
avg assets per participant
-12.2%
assets change YoY

The plan reported a net loss of $1M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$7M
Participants
294
State
Industry
Manufacturing

What the Filing Says About Bueno Foods 401(k) Plan

Bueno Foods 401(k) Plan is a Profit Sharing retirement plan sponsored by El Encanto, Inc. Dba Bueno Foods, headquartered in New Mexico. As of the 2022 Form 5500 filing, the plan reports $7M in total end-of-year assets and covers 294 participants across the Manufacturing industry. The sponsor's EIN on file with the U.S. Department of Labor is 850129525, and the plan has been effective since 1991-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $8M at the beginning of 2022 to $7M at year-end — a decline of 12.2%. Net assets (after liabilities) closed the year at $7M, with reported net income of $-1,002,556 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$8M
Total Assets (End of Year)$7M
Net Assets (End of Year)$7M
Net Income$-1,002,556
Plan TypeProfit Sharing
Employer EIN850129525
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (El Encanto, Inc. Dba Bueno Foods)

Year Plans Participants Total Assets
2022 1 294 $7M
2023 1 293 N/A
2024 1 309 N/A

Nearby Profit Sharing Plans in New Mexico

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the Bueno Foods 401(k) Plan?
As of the 2022 Form 5500 filing, Bueno Foods 401(k) Plan holds $7M in total assets with 294 participants. It is sponsored by El Encanto, Inc. Dba Bueno Foods.
What type of plan is Bueno Foods 401(k) Plan?
Bueno Foods 401(k) Plan is a Profit Sharing plan. It has been effective since 1991-01-01. The plan is filed with the U.S. Department of Labor under EIN 850129525.
Who sponsors the Bueno Foods 401(k) Plan?
Bueno Foods 401(k) Plan is sponsored by El Encanto, Inc. Dba Bueno Foods, located in New Mexico. The sponsor's EIN is 850129525 and the plan operates in the Manufacturing industry.
How did Bueno Foods 401(k) Plan perform in 2022?
Bueno Foods 401(k) Plan declined by 12.2% during 2022, moving from $8M to $7M in total assets. Net income was $-1,002,556.
Where can I find official filings for Bueno Foods 401(k) Plan?
Official Form 5500 filings for Bueno Foods 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 850129525 or plan name at efast.dol.gov.
How does Bueno Foods 401(k) Plan compare to other plans?
You can compare Bueno Foods 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in New Mexico on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 850129525.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.