401(k) · DOL Form 5500 · 2023

Brightfarms, Inc. 401(k) Plan

Data updated 2026-08-25

$8M
Total assets Small plan by assets
340
Participants Below avg headcount
53rd
Percentile by assets National rank
$22,497
Avg per participant Low balance/head
PlainRetire home → About this data RSS: change history

Official DOL plan name: Brightfarms, Inc. 401(k) Profit Sharing Plan · Sponsored by Brightfarms, Inc. · New York · Professional & Technical Services

$8M in assets, 340 participants

Brightfarms, Inc.'s Brightfarms, Inc. 401(k) Profit Sharing Plan reported $8M in total assets and 340 participants in its 2023 DOL Form 5500 filing, ranking in the 53rd 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.

  • #10,415 in Professional & Technical Services (20,321 peers)

Coverage in New York

Brightfarms, Inc. 401(k) Profit Sharing Plan covers 340 participants in New York, about 43% of the average New York filer (state average ~798 per filing). Assets: $8M.

#10,415
in Professional & Technical Services (20,321 peers)
+65.5%
assets growth YoY

Brightfarms, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Professional & Technical Services and all filers

Brightfarms, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

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

$7,649,057 Top 47% higher than 53% 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

Brightfarms, Inc. 401(k) Profit Sharing 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. Brightfarms, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (340 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Brightfarms, Inc. 401(k) Profit Sharing Plan reported net income rose from $912K in the plan year 2022 filing to $3M in the plan year 2023 filing.
  • Brightfarms, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $5M in the plan year 2022 filing to $8M in the plan year 2023 filing.
  • Brightfarms, Inc. 401(k) Profit Sharing Plan reported participants rose from 254 in the plan year 2022 filing to 340 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 454774576 · Brightfarms, Inc. PY 2023 · 401(k)

Brightfarms, Inc. 401(k) Profit Sharing Plan · $8M · 340 · 53rd

  • EIN $8M
  • EIN 340
  • EIN 53rd
  • EIN 401(k)
  • EIN near Bbs Enterprises, Inc. Profit Sharing Plan
  • EIN ind #10415

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 Professional & Technical Services retirement plans → · Plans in New York →

Brightfarms, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Brightfarms, Inc. 401(k) Profit Sharing PlanBrightfarms, Inc. 401(k) Pro…$8MBbs Enterprises, Inc. Profit Sharing PlanBbs Enterprises, Inc. Profit…$8MNoble Oil Services Inc 401(k) Profit Sharing PlanNoble Oil Services Inc 401(k…$8MThe Briar Team, LLC 401(k) Profit Sharing PlanThe Briar Team, LLC 401(k) P…$8MFamily Physicians Group 401(k) PlanFamily Physicians Group 401(…$8M
End-of-year total assets ($M) among Brightfarms, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

New York filing particulars

Total Assets (Beginning of Year)$5M
Net Assets (End of Year)$8M
Net Income$3M
Employer EIN454774576
Plan Effective Date2013-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Brightfarms, Inc.)

Sponsor-wide plan assets over time

All Brightfarms, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$10M 114.35231902821674% vs 2022
2024 filing year
$4M$6M$8M$10M$12M 202220232024 $4.62M $9.91M ▲ +114.5%
Year Plans Participants Total Assets
2022 1 254 $5M
2023 1 340 $8M
2024 1 363 $10M

Nearby 401(k) Plans in New York

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

Brightfarms, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -20020406080 Total assets ($B) Participants Brightfarms, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.007649057 · Participants: 340Brightfarms, Inc. 401(k) Profit Sharing PlanIBM 401 (K) Plus Plan, Total assets ($B): 57.428456306 · Participants: 54912IBM 401 (K) Plus PlanPfizer Savings Plan, Total assets ($B): 19.56134085 · Participants: 30033Pfizer Savings PlanMorgan Stanley 401(k) Plan, Total assets ($B): 19.235068266 · Participants: 55363Morgan Stanley 401(k) PlanThe Pepsico Savings Plan, Total assets ($B): 13.651296 · Participants: 133597The Pepsico Savings PlanThe Goldman Sachs 401(k) Plan, Total assets ($B): 11.428659742 · Participants: 24866The Goldman Sachs 401(k) Plan
Brightfarms, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in New York, assets vs. participants
Compare Brightfarms, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Brightfarms, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside New York, the nearest 401(k) by assets is Bbs Enterprises, Inc. Profit Sharing Plan in GA ($8M); by covered participants it is Red River Bank 401(k) Profit Sharing Plan in LA (340 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (340 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 Brightfarms, Inc. 401(k) Profit Sharing Plan assets move in 2023? ▼
Brightfarms, Inc. 401(k) Profit Sharing Plan surged - up 65.5% during 2023, from $5M to $8M. Reported net income was $3M.
How have Brightfarms, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Brightfarms, Inc.'s sponsor-wide assets grew 114.4%, from $5M to $10M.
Which 401(k) plans are similar in size to Brightfarms, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Bbs Enterprises, Inc. Profit Sharing Plan in GA ($8M, 148 participants).
Which 401(k) plans cover a similar participant headcount to Brightfarms, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Red River Bank 401(k) Profit Sharing Plan in LA (340 participants, $32M 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 454774576.

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.