401(k) · DOL Form 5500 · 2023

Builders Mutual Insurance Co. 401(k) Plan

Data updated 2026-08-25

$60M
Total assets Below avg plan size
434
Participants Below avg headcount
87th
Percentile by assets National rank
$138,138
Avg per participant Near avg balance/head
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Official DOL plan name: Builders Mutual Insurance Company 401(k) Retirement Plan · Sponsored by Builders Mutual Insurance Co. · North Carolina · Finance & Insurance

$60M in assets, 434 participants

Builders Mutual Insurance Co.'s Builders Mutual Insurance Company 401(k) Retirement Plan reported $60M in total assets and 434 participants in its 2023 DOL Form 5500 filing, ranking in the 87th 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.

  • #7,139 in Finance & Insurance (8,869 peers)

Where Builders Mutual Insurance Company 401(k) Retirement Plan sits by assets

Builders Mutual Insurance Company 401(k) Retirement Plan sits in the top quartile of all filed plans by assets, $60M for 434 participants (~$138,138/participant), up 21.3% in 2023.

#7,139
in Finance & Insurance (8,869 peers)
+21.3%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Builders Mutual Insurance Company 401(k) Retirement Plan's outsized position by total assets

Builders Mutual Insurance Company 401(k) Retirement Plan vs every filed plan by assets

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

$59,952,023 Top 13% higher than 87% 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

Builders Mutual Insurance Company 401(k) Retirement 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. Builders Mutual Insurance Company 401(k) Retirement Plan sits mid-pack in the medium band (434 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Builders Mutual Insurance Company 401(k) Retirement Plan reported net income rose from -$9M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • Builders Mutual Insurance Company 401(k) Retirement Plan end-of-year assets rose from $49M in the plan year 2022 filing to $60M in the plan year 2023 filing.
  • Builders Mutual Insurance Company 401(k) Retirement Plan reported participants rose from 379 in the plan year 2022 filing to 434 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Form 5500 schedule snapshot

Filing strip 562046050 · Builders Mutual Insurance Co. PY 2023 · 401(k)

Builders Mutual Insurance Company 401(k) Retirement Plan · $60M · 434 · 87th

  • PART $60M
  • TYPE 434
  • NET 87th
  • BOOK 401(k)
  • VS-ST near Ohio Anesthesia Group, Inc. 401(k) Profit Sharing Plan and Trust
  • BOY ind #7139

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 Finance & Insurance retirement plans → · Plans in North Carolina →

Builders Mutual Insurance Company 401(k) Retirement Plan in the asset neighbourhood

Prog Holdings Employee Retirement PlanProg Holdings Employee Retir…$60MBuilders Mutual Insurance Company 401(k) Retirement PlanBuilders Mutual Insurance Co…$60MOhio Anesthesia Group, Inc. 401(k) Profit Sharing Plan and TrustOhio Anesthesia Group, Inc. …$60MThe Sphere Institute/Acumen LLC 401(k) PlanThe Sphere Institute/Acumen …$60MGray & Son, Inc. 401(k) Profit Sharing PlanGray & Son, Inc. 401(k) Prof…$60M
End-of-year total assets ($M) among Builders Mutual Insurance Company 401(k) Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$49M
Net Assets (End of Year)$60M
Net Income$11M
Employer EIN562046050
Plan Effective Date1997-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Builders Mutual Insurance Co.)

Sponsor-wide plan assets over time

All Builders Mutual Insurance Co. plans reported in each filing year

Latest sponsor-wide plan assets
$73M 48.073081279065015% vs 2022
2024 filing year
$40M$50M$60M$70M$80M 202220232024 $49.4M $73.2M ▲ +48.1%
Year Plans Participants Total Assets
2022 1 379 $49M
2023 1 434 $60M
2024 1 438 $73M

Nearby 401(k) Plans in North Carolina

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

Builders Mutual Insurance Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Builders Mutual Insurance Company 401(k) Retirement Plan, Total assets ($B): 0.059952023 · Participants: 434Builders Mutual Insurance Company 401(k) Retirement PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Builders Mutual Insurance Company 401(k) Retirement Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Builders Mutual Insurance Company 401(k) Retirement Plan side-by-side with 3 peers →

Builders Mutual Insurance Company 401(k) Retirement Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Ohio Anesthesia Group, Inc. 401(k) Profit Sharing Plan and Trust in OH ($60M); by covered participants it is Prime Ae Group, Inc. 401(k) Plan in OH (434 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (434 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 Builders Mutual Insurance Company 401(k) Retirement Plan assets move in 2023? ▼
Builders Mutual Insurance Company 401(k) Retirement Plan grew sharply - up 21.3% during 2023, from $49M to $60M. Reported net income was $11M.
How have Builders Mutual Insurance Co. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Builders Mutual Insurance Co.'s sponsor-wide assets grew 48.1%, from $49M to $73M.
Where does Builders Mutual Insurance Company 401(k) Retirement Plan rank by assets among Form 5500 filers? ▼
Builders Mutual Insurance Company 401(k) Retirement Plan ranks in the 87th 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 Builders Mutual Insurance Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ohio Anesthesia Group, Inc. 401(k) Profit Sharing Plan and Trust in OH ($60M, 113 participants).
Which 401(k) plans cover a similar participant headcount to Builders Mutual Insurance Company 401(k) Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Prime Ae Group, Inc. 401(k) Plan in OH (434 participants, $38M 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 562046050.

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.