401(k) · DOL Form 5500 · 2024

Bright Future Electric, LLC 401(k) Plan

Data updated 2026-08-25

$14M
Total assets Small plan by assets
502
Participants Below avg headcount
63rd
Percentile by assets National rank
$27,462
Avg per participant Low balance/head
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Official DOL plan name: Bright Future Electric 401(k) Plan · Sponsored by Bright Future Electric, LLC · Alabama · Construction

$14M in assets, 502 participants

Bright Future Electric, LLC's Bright Future Electric 401(k) Plan reported $14M in total assets and 502 participants in its 2024 DOL Form 5500 filing, ranking in the 63rd 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.

  • #5,515 in Construction (9,039 peers)

Bright Future Electric, LLC multi-year trail

Bright Future Electric, LLC's plans moved +63.4% in assets from 2022 to 2024; this filing shows Bright Future Electric 401(k) Plan at $14M / 502 participants.

#5,515
in Construction (9,039 peers)
+21.0%
assets growth YoY

Bright Future Electric 401(k) Plan's mid-pack asset rank among Construction and all filers

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

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

$13,786,086 Top 37% higher than 63% 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

Bright Future Electric 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. Bright Future Electric 401(k) Plan sits mid-pack in the medium band (502 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Bright Future Electric 401(k) Plan reported participants rose from 308 in the plan year 2023 filing to 502 in the plan year 2024 filing.
  • Bright Future Electric 401(k) Plan reported net income fell from $3M in the plan year 2023 filing to $2M in the plan year 2024 filing.
  • Bright Future Electric 401(k) Plan end-of-year assets rose from $11M in the plan year 2023 filing to $14M in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 571228220 · Bright Future Electric, LLC PY 2024 · 401(k)

Bright Future Electric 401(k) Plan · $14M · 502 · 63rd

  • EBSA $14M
  • PART 502
  • TYPE 63rd
  • NET 401(k)
  • BOOK near Printron 401(k) Profit Sharing Plan
  • VS-ST ind #5515

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 Alabama →

Bright Future Electric 401(k) Plan in the asset neighbourhood

Bright Future Electric 401(k) PlanBright Future Electric 401(k…$14MPrintron 401(k) Profit Sharing PlanPrintron 401(k) Profit Shari…$14MBrightwheel 401(k) Plan$14MJefferson Capital Systems, LLC 401(k) PlanJefferson Capital Systems, L…$14MUnderstood for All, Inc. 401(k) PlanUnderstood for All, Inc. 401…$14M
End-of-year total assets ($M) among Bright Future Electric 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Bright Future Electric, LLC multi-year asset trail

Sponsor-wide plan assets over time

All Bright Future Electric, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$14M 63.35210263272987% vs 2022
2024 filing year
$6M$8M$10M$12M$14M$16M 202220232024 $8.44M $13.8M ▲ +63.4%
Year Plans Participants Total Assets
2022 1 331 $8M
2023 1 308 $11M
2024 1 502 $14M

Bright Future Electric, LLC filing trail (2024)

Total Assets (Beginning of Year)$11M
Net Assets (End of Year)$14M
Net Income$2M
Employer EIN571228220
Plan Effective Date2007-02-01
Filing StatusFILING RECEIVED

Nearby 401(k) Plans in Alabama

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

Bright Future Electric 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants Scatter plot of 6 data points. -10000010000200003000040000 -101234 Total assets ($B) Participants Bright Future Electric 401(k) Plan, Total assets ($B): 0.013786086 · Participants: 502Bright Future Electric 401(k) PlanRegions Financial Corporation 401(k) Plan, Total assets ($B): 3.197489981 · Participants: 20783Regions Financial Corporation 401(k) PlanEncompass Health Corporation 401(k) Retirement Plan, Total assets ($B): 1.722944967 · Participants: 29454Encompass Health Corporation 401(k) Retirement PlanHexagon Employee Retirement Savings Plan, Total assets ($B): 1.651353194 · Participants: 4638Hexagon Employee Retirement Savings PlanVulcan 401(k) Plan, Total assets ($B): 1.472398962 · Participants: 8628Vulcan 401(k) PlanMercedes-Benz U.S. International, Inc. Retirement and Savings Plan, Total assets ($B): 1.234118844 · Participants: 6167Mercedes-Benz U.S. International, Inc. Retirement and Savings Plan
Bright Future Electric 401(k) Plan vs. nearby 401(k) plans in Alabama, assets vs. participants
Compare Bright Future Electric 401(k) Plan side-by-side with 3 peers →

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

Outside Alabama, the nearest 401(k) by assets is Printron 401(k) Profit Sharing Plan in WI ($14M); by covered participants it is Dwyeromega Safe Harbor 401(k) Plan in IN (502 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($14M here).

Similar participant headcount

Nearest other-state filings by covered participants (502 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 Bright Future Electric 401(k) Plan assets move in 2024? ▼
Bright Future Electric 401(k) Plan grew sharply - up 21.0% during 2024, from $11M to $14M. Reported net income was $2M.
How have Bright Future Electric, LLC plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Bright Future Electric, LLC's sponsor-wide assets grew 63.4%, from $8M to $14M.
Which 401(k) plans are similar in size to Bright Future Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Printron 401(k) Profit Sharing Plan in WI ($14M, 112 participants).
Which 401(k) plans cover a similar participant headcount to Bright Future Electric 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Dwyeromega Safe Harbor 401(k) Plan in IN (502 participants, $118M 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 571228220.

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.