401(k) · DOL Form 5500 · 2022

Bright Future Electric, LLC 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
331
Participants Below avg headcount
61st
Percentile by assets National rank
$25,497
Avg per participant Low balance/head
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Official DOL plan name: Bright Future Electric 401(k) Plan · Sponsored by Bright Future Electric, LLC · Alabama · Construction

$8M in assets, 331 participants

Bright Future Electric, LLC's Bright Future Electric 401(k) Plan reported $8M in total assets and 331 participants in its 2022 DOL Form 5500 filing, ranking in the 61st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #6,060 in Construction (9,927 peers)

Bright Future Electric, LLC multi-year trail

Bright Future Electric, LLC's plans moved +63.4% in assets from 2022 to 2024; this filing shows Bright Future Electric 401(k) Plan at $8M / 331 participants.

#6,060
in Construction (9,927 peers)
-15.4%
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.

Bright Future Electric 401(k) Plan's mid-pack asset rank among Construction and all filers

Bright Future Electric 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$8,439,491 Top 39% higher than 61% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Bright Future Electric 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Bright Future Electric 401(k) Plan sits mid-pack in the medium band (331 participants).

Published 5500 schedule card

Filing strip 571228220 · Bright Future Electric, LLC PY 2022 · 401(k)

Bright Future Electric 401(k) Plan · $8M · 331 · 61st

  • NET $8M
  • NET 331
  • NET 61st
  • NET 401(k)
  • NET near Mark H. Hyman, M.D., Inc. Retirement Savings Plan
  • NET ind #6060

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Alabama →

Bright Future Electric 401(k) Plan in the asset neighbourhood

Bright Future Electric 401(k) PlanBright Future Electric 401(k…$8MMark H. Hyman, M.D., Inc. Retirement Savings PlanMark H. Hyman, M.D., Inc. Re…$8MQumu Corporation 401(k) Plan$8MProgenyhealth, LLC 401(k) PlanProgenyhealth, LLC 401(k) Pl…$8MOhara Corporation Profit Sharing PlanOhara Corporation Profit Sha…$8M
End-of-year total assets ($M) among Bright Future Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Bright Future Electric, LLC multi-year asset trail

Sponsor-wide plan assets over time

All Bright Future Electric, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$14M 63.35210263272987% vs 2022
2024 filing year
$6M$8M$10M$12M$14M$16M 202220232024 $8.44M $13.8M ▲ +63.4%
Year Plans Participants Total Assets
2022 1 331 $8M
2023 1 308 $11M
2024 1 502 $14M

Bright Future Electric, LLC filing trail (2022)

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$8M
Net Income-$2M
Employer EIN571228220
Plan Effective Date2007-02-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Bright Future Electric 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -10123 Total assets ($B) Participants Bright Future Electric 401(k) Plan, Total assets ($B): 0.008439491 · Participants: 331Bright Future Electric 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 2.473693723 · Participants: 20809Regions Financial Corporation 401(k) PlanEncompass Health Corporation Retirement Investment Plan, Total assets ($B): 1.247463658 · Participants: 26602Encompass Health Corporation Retirement Investment PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.211223713 · Participants: 4237Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.148537747 · Participants: 8489Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 0.930385246 · Participants: 4593Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Bright Future Electric 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Bright Future Electric 401(k) Plan side-by-side with 3 peers →

Bright Future Electric 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Alabama, the nearest 401(k) by assets is Mark H. Hyman, M.D., Inc. Retirement Savings Plan in CA ($8M); by covered participants it is Los Angeles County Fair Association 401(k) Profit Sharing Plan in CA (331 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($8M here).

Similar participant headcount

Nearest other-state filings by covered participants (331 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Bright Future Electric 401(k) Plan assets move in 2022? ▼
Bright Future Electric 401(k) Plan declined sharply - down 15.4% during 2022, from $10M to $8M. Reported net income was -$2M.
How have Bright Future Electric, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bright Future Electric, LLC's sponsor-wide assets grew 63.4%, from $8M to $14M.
Which 401(k) plans are similar in size to Bright Future Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Mark H. Hyman, M.D., Inc. Retirement Savings Plan in CA ($8M, 5 participants).
Which 401(k) plans cover a similar participant headcount to Bright Future Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Los Angeles County Fair Association 401(k) Profit Sharing Plan in CA (331 participants, $17M in assets).

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 571228220.

Read our methodology - how this data is sourced, computed, and verified.

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