Bates Trucking Company Inc 401(k) Plan: Login, Facts & Contact Information

Bates Trucking Company Inc 401(k) Plan Facts

Plan name
BATES TRUCKING CO INC 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
BATES TRUCKING CO INC
Participants
367 (175 active employees)
Former employees with a balance
145
Plan assets
$2,617,007 at Dec 31, 2023
Average account balance
$10,770 across 243 accounts
Employer contributions
$172,764 in plan year 2023 (38% of all contributions)
Recordkeeper
Merrill Lynch, Pierce, Fenner
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Oct 1, 1997
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $458,216 went into the plan in contributions, $172,764 of it from the employer (38%).
  • $314,825 was paid out to participants.
  • Investment and other income added $304,375.
  • Administrative expenses were $20,358, about $84 per account.

How the Bates Trucking Company Inc 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018298$1.55 million$135,024$78,857
2019293$1.91 million$145,424$278,206
2020350$2.40 million$161,663$181,147
2021386$2.87 million$199,432$298,286
2022394$2.19 million$146,838$643,956
2023367$2.62 million$172,764$314,825

Bates Trucking Company Inc 401(k) Contact Information

Phone
301-773-2069
Mailing address
4305 48TH STREET, BLADENSBURG MD 20710
Plan sponsor
BATES TRUCKING CO INC
Employer identification number (EIN)
52-1229796
Plan number
001

Questions about the Bates Trucking Company Inc 401(k)

Does Bates Trucking Company Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $172,764, 38% of all contributions.

Does the Bates Trucking Company Inc 401(k) have automatic enrollment?

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

How many people are in the Bates Trucking Company Inc 401(k) plan?

367 participants at the start of plan year 2023, 175 of them active employees, and 145 former employees who still had money in the plan.

What is the average 401(k) balance at Bates Trucking Company Inc?

About $10,770 per account: $2.62 million in plan assets across 243 accounts with a balance at the end of plan year 2023.

Who manages the Bates Trucking Company Inc 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Bates Trucking Company Inc. How do I access my 401(k)?

Your account stays with Merrill Benefits OnLine 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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