Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

Backyard Farms, LLC 401(k) Plan

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

Sponsored by Backyard Farms, LLC · Maine · Agriculture, Forestry & Fishing

What the 2023 filing shows

Backyard Farms, LLC 401(k) Plan holds $4M for 106 participants — about $34,642 per participant, down 30.5% over the 2022 plan year.

$4M
total plan assets (2022 EOY)
106
covered participants
$34,642
avg assets per participant
-30.5%
assets change YoY

The plan reported a net loss of $2M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.

Total Assets (2023)
$4M
Participants
106
State
Industry
Agriculture, Forestry & Fishing

What the Filing Says About Backyard Farms, LLC 401(k) Plan

Backyard Farms, LLC 401(k) Plan is a Profit Sharing retirement plan sponsored by Backyard Farms, LLC, headquartered in Maine. As of the 2022 Form 5500 filing, the plan reports $4M in total end-of-year assets and covers 106 participants across the Agriculture, Forestry & Fishing industry. The sponsor's EIN on file with the U.S. Department of Labor is 202956034, and the plan has been effective since 2007-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $5M at the beginning of 2022 to $4M at year-end — a decline of 30.5%. Net assets (after liabilities) closed the year at $4M, with reported net income of $-1,610,668 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)$5M
Total Assets (End of Year)$4M
Net Assets (End of Year)$4M
Net Income$-1,610,668
Plan TypeProfit Sharing
Employer EIN202956034
Plan Effective Date2007-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Backyard Farms, LLC)

Year Plans Participants Total Assets
2022 1 106 $4M
2023 1 82 $4M
2024 1 60 $4M

Nearby Profit Sharing Plans in Maine

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Frequently Asked Questions

How much money is in the Backyard Farms, LLC 401(k) Plan?
As of the 2022 Form 5500 filing, Backyard Farms, LLC 401(k) Plan holds $4M in total assets with 106 participants. It is sponsored by Backyard Farms, LLC.
What type of plan is Backyard Farms, LLC 401(k) Plan?
Backyard Farms, LLC 401(k) Plan is a Profit Sharing plan. It has been effective since 2007-05-01. The plan is filed with the U.S. Department of Labor under EIN 202956034.
Who sponsors the Backyard Farms, LLC 401(k) Plan?
Backyard Farms, LLC 401(k) Plan is sponsored by Backyard Farms, LLC, located in Maine. The sponsor's EIN is 202956034 and the plan operates in the Agriculture, Forestry & Fishing industry.
How did Backyard Farms, LLC 401(k) Plan perform in 2022?
Backyard Farms, LLC 401(k) Plan declined by 30.5% during 2022, moving from $5M to $4M in total assets. Net income was $-1,610,668.
Where can I find official filings for Backyard Farms, LLC 401(k) Plan?
Official Form 5500 filings for Backyard Farms, LLC 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 202956034 or plan name at efast.dol.gov.
How does Backyard Farms, LLC 401(k) Plan compare to other plans?
You can compare Backyard Farms, LLC 401(k) Plan against other Profit Sharing plans on the plan type page, or view plans in Maine 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 202956034.

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.