Backer Hotwatt, Inc. 401(k) Plan (terminated 2017): Login, Facts & Contact Information

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Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2017, when $793,316 was transferred out of the plan. Assets moved to the NIBE USA 401(K) RETIREMENT PLAN (sponsored by NIBE ENERGY SYSTEMS, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the NIBE USA 401(K) RETIREMENT PLAN →

Backer Hotwatt, Inc. 401(k) Plan Facts (plan year 2017)

Plan name
HOTWATT, INC. PROFIT SHARING & 401 K RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BACKER HOTWATT, INC.
Participants
100
Former employees with a balance
0
Plan year
Jul 1, 2017 – Dec 31, 2017
Plan established
Jul 1, 1986
✓ 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 2017 (Jul 1, 2017 – Dec 31, 2017), filed Sep 19, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $14,670 went into the plan in contributions.
  • $353,783 was paid out to participants.
  • Investment and other income added $64,283.

How the Backer Hotwatt, Inc. 401(k) changed, 2016–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016122$1.07 million—$364,465
2017 (final)100$0—$353,783

Backer Hotwatt, Inc. 401(k) Contact Information

Phone
978-777-0070
Mailing address
128 MAPLE ST, DANVERS MA 019232061
Plan sponsor
BACKER HOTWATT, INC.
Employer identification number (EIN)
81-4435368
Plan number
002

Questions about the Backer Hotwatt, Inc. 401(k)

Is the Backer Hotwatt, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2017. Its assets were transferred to the NIBE USA 401(K) RETIREMENT PLAN.

Does Backer Hotwatt, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Backer Hotwatt, Inc 401(k) have automatic enrollment?

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

How many people are in the Backer Hotwatt, Inc 401(k) plan?

100 participants at the start of plan year 2017.

Who manages the Backer Hotwatt, Inc 401(k) accounts?

BPAS is the plan's recordkeeper, which is where participants log in to see their balance.

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