401(k) · DOL Form 5500 · 2023

Drax Biomass Inc. 401(k) Plan

Data updated 2026-08-25

$17M
Total assets Small plan by assets
283
Participants Below avg headcount
69th
Percentile by assets National rank
$59,278
Avg per participant Low balance/head
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Official DOL plan name: Drax Biomass Inc. 401(k) Plan · Sponsored by Drax Biomass Inc. · Louisiana · Manufacturing

$17M in assets, 283 participants

Drax Biomass Inc.'s Drax Biomass Inc. 401(k) Plan reported $17M in total assets and 283 participants in its 2023 DOL Form 5500 filing, ranking in the 69th 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.

  • #10,937 in Manufacturing (18,722 peers)

Drax Biomass Inc. multi-year trail

Drax Biomass Inc.'s plans moved +142.0% in assets from 2022 to 2024; this filing shows Drax Biomass Inc. 401(k) Plan at $17M / 283 participants.

#10,937
in Manufacturing (18,722 peers)
+55.4%
assets growth YoY

Drax Biomass Inc. 401(k) Plan's outsized position by total assets

Drax Biomass Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$16,775,655 Top 31% higher than 69% of 127,068 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 2023

Drax Biomass Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Drax Biomass Inc. 401(k) Plan sits mid-pack in the medium band (283 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Drax Biomass Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Drax Biomass Inc. 401(k) Plan end-of-year assets rose from $11M in the plan year 2022 filing to $17M in the plan year 2023 filing.
  • Drax Biomass Inc. 401(k) Plan reported participants rose from 257 in the plan year 2022 filing to 283 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 990371042 · Drax Biomass Inc. PY 2023 · 401(k)

Drax Biomass Inc. 401(k) Plan · $17M · 283 · 69th

  • EIN $17M
  • EIN 283
  • EIN 69th
  • EIN 401(k)
  • EIN near Nichols Farms 401(k) Profit Sharing Plan
  • EIN ind #10937

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 Manufacturing retirement plans → · Plans in Louisiana →

Drax Biomass Inc. 401(k) Plan in the asset neighbourhood

Drax Biomass Inc. 401(k) Plan$17MNichols Farms 401(k) Profit Sharing PlanNichols Farms 401(k) Profit …$17MLow Income Investment Fund 401(k) PlanLow Income Investment Fund 4…$17MShaw Electric, Inc. Retirement Savings PlanShaw Electric, Inc. Retireme…$17MRising Phoenix Holdings Corporation 401(k) Retirement Savings PlanRising Phoenix Holdings Corp…$17M
End-of-year total assets ($M) among Drax Biomass Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Drax Biomass Inc. multi-year asset trail

Sponsor-wide plan assets over time

All Drax Biomass Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 142.02284024053534% vs 2022
2024 filing year
$5M$10M$15M$20M$25M$30M 202220232024 $10.8M $26.1M ▲ +142.1%
Year Plans Participants Total Assets
2022 1 257 $11M
2023 1 283 $17M
2024 1 481 $26M

Drax Biomass Inc. filing trail (2023)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$17M
Net Income$6M
Employer EIN990371042
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Louisiana

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

Drax Biomass Inc. 401(k) Plan vs. nearby 401(k) plans in Louisiana, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -202468 Total assets ($B) Participants Drax Biomass Inc. 401(k) Plan, Total assets ($B): 0.016775655 · Participants: 283Drax Biomass Inc. 401(k) PlanLumen 401(k) Savings Plan, Total assets ($B): 7.140330247 · Participants: 24522Lumen 401(k) Savings PlanSavings Plan of Entergy Corporation and Subsidiaries, Total assets ($B): 3.827701341 · Participants: 10136Savings Plan of Entergy Corporation and SubsidiariesOchsner Clinic Foundation 401(k) Plan, Total assets ($B): 2.304723514 · Participants: 31221Ochsner Clinic Foundation 401(k) PlanLouisiana Children's Medical Center Retirement and Savings Plan, Total assets ($B): 0.866658906 · Participants: 12934Louisiana Children's Medical Center Retirement and Savings PlanAmedisys Holding, LLC 401(k) Plan, Total assets ($B): 0.849210896 · Participants: 20100Amedisys Holding, LLC 401(k) Plan
Drax Biomass Inc. 401(k) Plan vs. nearby 401(k) plans in Louisiana, assets vs. participants
Compare Drax Biomass Inc. 401(k) Plan side-by-side with 3 peers →

Drax Biomass Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Louisiana, the nearest 401(k) by assets is Nichols Farms 401(k) Profit Sharing Plan in CA ($17M); by covered participants it is Hiroad & Blueowl 401(k) Savings Plan and Trust in IL (283 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (283 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Drax Biomass Inc. 401(k) Plan assets move in 2023? ▼
Drax Biomass Inc. 401(k) Plan surged - up 55.4% during 2023, from $11M to $17M. Reported net income was $6M.
How have Drax Biomass Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Drax Biomass Inc.'s sponsor-wide assets grew 142.0%, from $11M to $26M.
Which 401(k) plans are similar in size to Drax Biomass Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Nichols Farms 401(k) Profit Sharing Plan in CA ($17M, 421 participants).
Which 401(k) plans cover a similar participant headcount to Drax Biomass Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Hiroad & Blueowl 401(k) Savings Plan and Trust in IL (283 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 990371042.

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.