401(k) · DOL Form 5500 · 2023

Buist Electric Company, Inc. 401(k) Plan

Data updated 2026-08-25

$64M
Total assets Below avg plan size
407
Participants Below avg headcount
88th
Percentile by assets National rank
$157,641
Avg per participant Above avg balance/head
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Official DOL plan name: Buist Electric 401(k) Plan · Sponsored by Buist Electric Company, Inc. · Michigan · Construction

$64M in assets, 407 participants

Buist Electric Company, Inc.'s Buist Electric 401(k) Plan reported $64M in total assets and 407 participants in its 2023 DOL Form 5500 filing, ranking in the 88th 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.

  • #7,750 in Construction (9,030 peers)

Where Buist Electric 401(k) Plan sits by assets

Buist Electric 401(k) Plan sits in the top quartile of all filed plans by assets, $64M for 407 participants (~$157,641/participant), up 20.1% in 2023.

#7,750
in Construction (9,030 peers)
+20.1%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Buist Electric 401(k) Plan's outsized position by total assets

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

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

$64,159,745 Top 12% higher than 88% 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

Buist Electric 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. Buist Electric 401(k) Plan sits mid-pack in the medium band (407 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Buist Electric 401(k) Plan reported net income rose from -$10M in the plan year 2022 filing to $12M in the plan year 2023 filing.
  • Buist Electric 401(k) Plan end-of-year assets rose from $53M in the plan year 2022 filing to $64M in the plan year 2023 filing.
  • Buist Electric 401(k) Plan reported participants rose from 385 in the plan year 2022 filing to 407 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 382177580 · Buist Electric Company, Inc. PY 2023 · 401(k)

Buist Electric 401(k) Plan · $64M · 407 · 88th

  • EBSA $64M
  • PART 407
  • TYPE 88th
  • NET 401(k)
  • BOOK near Central Motor Wheel of America 401(k) Plan
  • VS-ST ind #7750

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 Michigan →

Buist Electric 401(k) Plan in the asset neighbourhood

Raynor Garage Door 401(k) Retirement Savings PlanRaynor Garage Door 401(k) Re…$64MBuist Electric 401(k) Plan$64MCentral Motor Wheel of America 401(k) PlanCentral Motor Wheel of Ameri…$64MThe Act 1 Group of Companies 401(k) Plan for Staff EmployeesThe Act 1 Group of Companies…$64MS.T. Wooten Corporation 401(k) Retirement PlanS.T. Wooten Corporation 401(…$64M
End-of-year total assets ($M) among Buist Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$53M
Net Assets (End of Year)$64M
Net Income$12M
Employer EIN382177580
Plan Effective Date1977-11-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Buist Electric Company, Inc.)

Sponsor-wide plan assets over time

All Buist Electric Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$139M 37.193490278553675% vs 2022
2024 filing year
$80M$100M$120M$140M$160M 202220232024 $101M $139M ▲ +37.2%
Year Plans Participants Total Assets
2022 2 762 $101M
2023 2 803 $115M
2024 2 876 $139M

Nearby 401(k) Plans in Michigan

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

Buist Electric 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -50510152025 Total assets ($B) Participants Buist Electric 401(k) Plan, Total assets ($B): 0.064159745 · Participants: 407Buist Electric 401(k) PlanGeneral Motors Retirement Savings Plan for Salaried Employees in the United States, Total assets ($B): 20.378449285 · Participants: 47299General Motors Retirement Savings Plan for Salaried Employees in the United StatesFord Motor Co. Savings and Stock Investment Plan for Salaried Employees, Total assets ($B): 15.588575271 · Participants: 30516Ford Motor Co. Savings and Stock Investment Plan for Salaried EmployeesThe Dow Chemical Company Employees' Savings Plan, Total assets ($B): 10.084842211 · Participants: 18088The Dow Chemical Company Employees' Savings PlanThe General Motors Personal Savings Plan for Hourly-Rate Employees in the United States, Total assets ($B): 8.580684909 · Participants: 40393The General Motors Personal Savings Plan for Hourly-Rate Employees in the United StatesFord Motor Co. Tax-Efficient Savings Plan for Hourly Employees, Total assets ($B): 7.617084451 · Participants: 59195Ford Motor Co. Tax-Efficient Savings Plan for Hourly Employees
Buist Electric 401(k) Plan vs. nearby 401(k) plans in Michigan, assets vs. participants
Compare Buist Electric 401(k) Plan side-by-side with 3 peers →

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

Outside Michigan, the nearest 401(k) by assets is Central Motor Wheel of America 401(k) Plan in KY ($64M); by covered participants it is Ross Aviation Retirement Savings Plan in CO (407 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (407 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 Buist Electric 401(k) Plan assets move in 2023? ▼
Buist Electric 401(k) Plan grew sharply - up 20.1% during 2023, from $53M to $64M. Reported net income was $12M.
How have Buist Electric Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Buist Electric Company, Inc.'s sponsor-wide assets grew 37.2%, from $101M to $139M.
Where does Buist Electric 401(k) Plan rank by assets among Form 5500 filers? ▼
Buist Electric 401(k) Plan ranks in the 88th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Buist Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Central Motor Wheel of America 401(k) Plan in KY ($64M, 621 participants).
Which 401(k) plans cover a similar participant headcount to Buist Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Ross Aviation Retirement Savings Plan in CO (407 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 382177580.

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.