BUTLER BROS. 401(K) PLAN
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
BUTLER BROS. SUPPLY DIVISION, INC.
This Profit Sharing plan holds $13M in total assets and serves 114 participants as of 2022. It is sponsored by BUTLER BROS. SUPPLY DIVISION, INC. in Maine. The plan reported a net loss of $2M for the year.
What the Filing Says About BUTLER BROS. 401(K) PLAN
BUTLER BROS. 401(K) PLAN is a Profit Sharing retirement plan sponsored by BUTLER BROS. SUPPLY DIVISION, INC., headquartered in Maine. As of the 2022 Form 5500 filing, the plan reports $13M in total end-of-year assets and covers 114 participants across the Wholesale Trade industry. The sponsor's EIN on file with the U.S. Department of Labor is 010227197, and the plan has been effective since 1987-01-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $15M at the beginning of 2022 to $13M at year-end — a decline of 15.4%. Net assets (after liabilities) closed the year at $13M, with reported net income of $-2,356,875 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) | $15M |
| Total Assets (End of Year) | $13M |
| Net Assets (End of Year) | $13M |
| Net Income | $-2,356,875 |
| Plan Type | Profit Sharing |
| Employer EIN | 010227197 |
| Plan Effective Date | 1987-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (BUTLER BROS. SUPPLY DIVISION, INC.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 114 | $13M |
| 2023 | 1 | 132 | $15M |
| 2024 | 1 | 141 | $17M |
Nearby Profit Sharing Plans in Maine
Peer Profit Sharing plans — same state, same plan type — ranked by total assets.
- UNUM GROUP 401K RETIREMENT PLAN $2.2B · 9,604
- MAINEHEALTH 403(B) RETIREMENT PLAN $2.1B · 22,008
- NORTHERN LIGHT HEALTH RETIREMENT PARTNERSHIP 403(B) PLAN $1.1B · 12,015
- JAX 403(B) RETIREMENT PLAN $526M · 2,592
- MAINEGENERAL HEALTH 403(B) RETIREMENT PLAN $372M · 4,570
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Frequently Asked Questions
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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 010227197.
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.
Read our methodology — how this data is sourced, computed, and verified.