Bright Future Electric, Llc 401(k) Plan: Login, Facts & Contact Information

Bright Future Electric, Llc 401(k) Plan Facts

Plan name
BRIGHT FUTURE ELECTRIC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BRIGHT FUTURE ELECTRIC, LLC
Participants
631 (685 active employees)
Former employees with a balance
151
Plan assets
$13,786,086 at Dec 31, 2024
Average account balance
$20,304 across 679 accounts
Employer contributions
$420,541 in plan year 2024 (18% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Feb 1, 2007
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.34 million went into the plan in contributions, $420,541 of it from the employer (18%).
  • $1.97 million was paid out to participants.
  • Investment and other income added $1.36 million.
  • Administrative expenses were $4,811, about $7 per account.

How the Bright Future Electric, Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019375$6.12 million$185,583$159,619
2020446$8.26 million$217,797$464,216
2021485$9.98 million$246,522$824,853
2022451$8.44 million$236,752$1.01 million
2023430$11.4 million$297,726$260,567
2024631$13.8 million$420,541$1.97 million

Bright Future Electric, Llc 401(k) Contact Information

Phone
205-747-1896
Mailing address
3420 RICHARD ARRINGTON BLVD N, BIRMINGHAM AL 352342306
Plan sponsor
BRIGHT FUTURE ELECTRIC, LLC
Employer identification number (EIN)
57-1228220
Plan number
001

Questions about the Bright Future Electric, Llc 401(k)

Does Bright Future Electric, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $420,541, 18% of all contributions.

Does the Bright Future Electric, Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Bright Future Electric, Llc 401(k) plan?

631 participants at the start of plan year 2024, 685 of them active employees, and 151 former employees who still had money in the plan.

What is the average 401(k) balance at Bright Future Electric, Llc?

About $20,304 per account: $13.8 million in plan assets across 679 accounts with a balance at the end of plan year 2024.

Who manages the Bright Future Electric, Llc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bright Future Electric, Llc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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