401(k)
2022 plan-year 401(k) DOL Form 5500

Bjg Electronics, Inc. 401(k) Plan

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

Sponsored by Bjg Electronics, Inc. ยท New York ยท Professional & Technical Services

What the 2023 filing shows

Bjg Electronics, Inc. 401(k) Plan holds $9M for 353 participants - about $25,454 per participant, down 21.1% over the 2022 plan year.

$9M
total plan assets (2022 EOY)
353
covered participants
$25,454
avg assets per participant
-21.1%
assets change YoY

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

Total Assets (2023)
$9M
Participants
353
State
Industry
Professional & Technical Services

What the Filing Says About Bjg Electronics, Inc. 401(k) Plan

Bjg Electronics, Inc. 401(k) Plan is a 401(k) retirement plan sponsored by Bjg Electronics, Inc., headquartered in New York. As of the 2022 Form 5500 filing, the plan reports $9M in total end-of-year assets and covers 353 participants across the Professional & Technical Services industry. The sponsor's EIN on file with the U.S. Department of Labor is 112576488, and the plan has been effective since 1996-05-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $11M at the beginning of 2022 to $9M at year-end โ€” a decline of 21.1%. Net assets (after liabilities) closed the year at $9M, with reported net income of $-2,406,321 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 โ€” 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)$11M
Total Assets (End of Year)$9M
Net Assets (End of Year)$9M
Net Income$-2,406,321
Plan Type401(k)
Employer EIN112576488
Plan Effective Date1996-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bjg Electronics, Inc.)

Year Plans Participants Total Assets
2022 1 353 $9M
2023 1 339 $13M
2024 1 332 N/A

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Frequently Asked Questions

How much money is in the Bjg Electronics, Inc. 401(k) Plan?
As of the 2022 Form 5500 filing, Bjg Electronics, Inc. 401(k) Plan holds $9M in total assets with 353 participants. It is sponsored by Bjg Electronics, Inc..
What type of plan is Bjg Electronics, Inc. 401(k) Plan?
Bjg Electronics, Inc. 401(k) Plan is a 401(k) plan. It has been effective since 1996-05-01. The plan is filed with the U.S. Department of Labor under EIN 112576488.
Who sponsors the Bjg Electronics, Inc. 401(k) Plan?
Bjg Electronics, Inc. 401(k) Plan is sponsored by Bjg Electronics, Inc., located in New York. The sponsor's EIN is 112576488 and the plan operates in the Professional & Technical Services industry.
How did Bjg Electronics, Inc. 401(k) Plan perform in 2022?
Bjg Electronics, Inc. 401(k) Plan declined by 21.1% during 2022, moving from $11M to $9M in total assets. Net income was $-2,406,321.
Where can I find official filings for Bjg Electronics, Inc. 401(k) Plan?
Official Form 5500 filings for Bjg Electronics, Inc. 401(k) Plan are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 112576488 or plan name at efast.dol.gov.
How does Bjg Electronics, Inc. 401(k) Plan compare to other plans?
You can compare Bjg Electronics, Inc. 401(k) Plan against other 401(k) plans on the plan type page, or view plans in New York 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) โ€” original filing retrieval by EIN 112576488.

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

Reference: IRS Publication 590-B โ€” 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.