Canal Hr, Inc. 401(k) Plan: Login, Facts & Contact Information

Canal Hr, Inc. 401(k) Plan Facts

Plan name
CANAL HR, INC. QUALIFIED RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CANAL HR, INC.
Participants
850 (885 active employees)
Former employees with a balance
71
Plan assets
$45,904,801 at Dec 31, 2024
Average account balance
$105,045 across 437 accounts
Employer contributions
$818,131 in plan year 2024 (21% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1996
✓ 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 Sep 23, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.99 million went into the plan in contributions, $818,131 of it from the employer (21%).
  • $6.22 million was paid out to participants.
  • Investment and other income added $5.62 million.
  • Administrative expenses were $20,029, about $46 per account.

How the Canal Hr, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019988$32.5 million$627,516$3.42 million
2020756$34.5 million$770,267$5.44 million
2021878$41.1 million$865,893$2.09 million
2022732$35.1 million$720,267$2.38 million
2023721$42.6 million$956,836$1.80 million
2024850$45.9 million$818,131$6.22 million

Canal Hr, Inc. 401(k) Contact Information

Phone
504-662-1791
Mailing address
POST OFFICE BOX 8798, METAIRIE LA 700118798
Plan sponsor
CANAL HR, INC.
Employer identification number (EIN)
46-1197378
Plan number
333

Questions about the Canal Hr, Inc. 401(k)

Does Canal Hr, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $818,131, 21% of all contributions.

Does the Canal Hr, Inc 401(k) have automatic enrollment?

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

How many people are in the Canal Hr, Inc 401(k) plan?

850 participants at the start of plan year 2024, 885 of them active employees, and 71 former employees who still had money in the plan.

What is the average 401(k) balance at Canal Hr, Inc?

About $105,045 per account: $45.9 million in plan assets across 437 accounts with a balance at the end of plan year 2024.

Who manages the Canal Hr, Inc 401(k) accounts?

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

I no longer work at Canal Hr, Inc. How do I access my 401(k)?

Your account stays with Alerus 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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