Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) Plan: Login, Facts & Contact Information

Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) Plan Facts

Plan name
FOUNDERS BREWING COMPANY 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CANAL STREET BREWING CO. LLC DBA FOUNDERS BREWING COMPANY
Participants
734 (472 active employees)
Former employees with a balance
228
Plan assets
$38,148,458 at Dec 31, 2024
Average account balance
$54,654 across 698 accounts
Employer contributions
$1,331,866 in plan year 2024 (28% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 2010
✓ 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 Jun 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.81 million went into the plan in contributions, $1.33 million of it from the employer (28%).
  • $4.07 million was paid out to participants.
  • Investment and other income added $4.73 million.
  • Administrative expenses were $134,099, about $192 per account.

How the Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019621$14.3 million$1.06 million$1.28 million
2020627$19.1 million$583,881$1.30 million
2021579$25.3 million$1.14 million$2.09 million
2022601$22.0 million$1.12 million$2.44 million
2023699$27.3 million$1.11 million$2.87 million
2024734$38.1 million$1.33 million$4.07 million

Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) Contact Information

Phone
616-325-1091
Mailing address
235 GRANDVILLE AVENUE SW, GRAND RAPIDS MI 495034037
Plan sponsor
CANAL STREET BREWING CO. LLC DBA FOUNDERS BREWING COMPANY
Employer identification number (EIN)
38-3314250
Plan number
001

Questions about the Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k)

Does Canal Street Brewing Co. Llc Dba Founders Brewing Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.33 million, 28% of all contributions.

Does the Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) plan?

734 participants at the start of plan year 2024, 472 of them active employees, and 228 former employees who still had money in the plan.

What is the average 401(k) balance at Canal Street Brewing Co. Llc Dba Founders Brewing Company?

About $54,654 per account: $38.1 million in plan assets across 698 accounts with a balance at the end of plan year 2024.

Who manages the Canal Street Brewing Co. Llc Dba Founders Brewing Company 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Canal Street Brewing Co. Llc Dba Founders Brewing Company. How do I access my 401(k)?

Your account stays with Principal 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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