401(k) · DOL Form 5500 · 2024

Bfly Operations, Inc. 401(k) Plan

Data updated 2026-08-25

$20M
Total assets Small plan by assets
206
Participants Below avg headcount
70th
Percentile by assets National rank
$97,174
Avg per participant Below avg balance/head
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Official DOL plan name: Butterfly Network 401(k) Plan · Sponsored by Bfly Operations, Inc. · Massachusetts · Manufacturing

$20M in assets, 206 participants

Bfly Operations, Inc.'s Butterfly Network 401(k) Plan reported $20M in total assets and 206 participants in its 2024 DOL Form 5500 filing, ranking in the 70th 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.

  • #10,634 in Manufacturing (17,777 peers)

Coverage in Massachusetts

Butterfly Network 401(k) Plan covers 206 participants in Massachusetts, about 31% of the average Massachusetts filer (state average ~659 per filing). Assets: $20M.

#10,634
in Manufacturing (17,777 peers)
+17.0%
assets growth YoY

Butterfly Network 401(k) Plan's outsized position by total assets

Butterfly Network 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$20,017,936 Top 30% higher than 70% of 123,620 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 2024

Butterfly Network 401(k) Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Butterfly Network 401(k) Plan sits mid-pack in the medium band (206 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Butterfly Network 401(k) Plan reported net income rose from $2M in the plan year 2023 filing to $3M in the plan year 2024 filing.
  • Butterfly Network 401(k) Plan reported participants fell from 305 in the plan year 2023 filing to 206 in the plan year 2024 filing.
  • Butterfly Network 401(k) Plan end-of-year assets rose from $17M in the plan year 2023 filing to $20M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 274649892 · Bfly Operations, Inc. PY 2024 · 401(k)

Butterfly Network 401(k) Plan · $20M · 206 · 70th

  • BOY $20M
  • BOY 206
  • BOY 70th
  • BOY 401(k)
  • BOY near Gridtek 401(k) Plan
  • BOY ind #10634

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 Massachusetts →

Butterfly Network 401(k) Plan in the asset neighbourhood

Butterfly Network 401(k) Plan$20MGridtek 401(k) Plan$20MIntelligent Waves, LLC 401(k) PlanIntelligent Waves, LLC 401(k…$20MMotivus, LLC 401(k) Plan$20MReinhausen Manufacturing Inc. 401(k) & Retirement PlanReinhausen Manufacturing Inc…$20M
End-of-year total assets ($M) among Butterfly Network 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Massachusetts filing particulars

Total Assets (Beginning of Year)$17M
Net Assets (End of Year)$20M
Net Income$3M
Employer EIN274649892
Plan Effective Date2023-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Bfly Operations, Inc.)

Sponsor-wide plan assets over time

All Bfly Operations, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$20M 16.978750272827597% vs 2023
2024 filing year
$16M$17M$18M$19M$20M$21M 20232024 $17.1M $20M ▲ +17.0%
Year Plans Participants Total Assets
2023 1 305 $17M
2024 1 206 $20M

Nearby 401(k) Plans in Massachusetts

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

Butterfly Network 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -10010203040 Total assets ($B) Participants Butterfly Network 401(k) Plan, Total assets ($B): 0.020017936 · Participants: 206Butterfly Network 401(k) PlanFidelity Retirement Savings Plan, Total assets ($B): 34.201609937 · Participants: 66907Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 11.352606499 · Participants: 34618Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 7.720373045 · Participants: 14762Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 6.775289067 · Participants: 20639Boston Scientific Corporation 401(k) Retirement Savings PlanState Street Salary Savings Program, Total assets ($B): 6.532301643 · Participants: 12777State Street Salary Savings Program
Butterfly Network 401(k) Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Butterfly Network 401(k) Plan side-by-side with 3 peers →

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

Outside Massachusetts, the nearest 401(k) by assets is Gridtek 401(k) Plan in FL ($20M); by covered participants it is Fairwave Holdings 401(k) Savings Plan in MO (206 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($20M here).

Similar participant headcount

Nearest other-state filings by covered participants (206 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Butterfly Network 401(k) Plan assets move in 2024? ▼
Butterfly Network 401(k) Plan grew sharply - up 17.0% during 2024, from $17M to $20M. Reported net income was $3M.
How have Bfly Operations, Inc. plan assets changed over time? ▼
Across 2 plan years on file (2023-2024), Bfly Operations, Inc.'s sponsor-wide assets grew 17.0%, from $17M to $20M.
Which 401(k) plans are similar in size to Butterfly Network 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Gridtek 401(k) Plan in FL ($20M, 557 participants).
Which 401(k) plans cover a similar participant headcount to Butterfly Network 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Fairwave Holdings 401(k) Savings Plan in MO (206 participants, $584K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 274649892.

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.