Canfield Scientific, Inc. 401(k) Plan: Login, Facts & Contact Information

Canfield Scientific, Inc. 401(k) Plan Facts

Plan name
CANFIELD SCIENTIFIC INC. PROFIT SHARING 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CANFIELD SCIENTIFIC, INC.
Participants
369 (272 active employees)
Former employees with a balance
72
Plan assets
$46,202,189 at Dec 31, 2024
Average account balance
$158,770 across 291 accounts
Employer contributions
$966,408 in plan year 2024 (27% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 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 Oct 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.57 million went into the plan in contributions, $966,408 of it from the employer (27%).
  • $1.83 million was paid out to participants.
  • Investment and other income added $6.36 million.
  • Administrative expenses were $65,055, about $224 per account.

How the Canfield Scientific, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019251$23.9 million$610,779$495,653
2020264$29.0 million$888,483$2.36 million
2021279$35.3 million$591,612$211,773
2022292$30.5 million$765,582$441,143
2023325$38.2 million$892,416$1.59 million
2024369$46.2 million$966,408$1.83 million

Canfield Scientific, Inc. 401(k) Contact Information

Phone
973-434-1200
Mailing address
4 WOOD HOLLOW ROAD, PARSIPPANY NJ 07054
Plan sponsor
CANFIELD SCIENTIFIC, INC.
Employer identification number (EIN)
22-2938062
Plan number
001

Questions about the Canfield Scientific, Inc. 401(k)

Does Canfield Scientific, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $966,408, 27% of all contributions.

Does the Canfield Scientific, Inc 401(k) have automatic enrollment?

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

How many people are in the Canfield Scientific, Inc 401(k) plan?

369 participants at the start of plan year 2024, 272 of them active employees, and 72 former employees who still had money in the plan.

What is the average 401(k) balance at Canfield Scientific, Inc?

About $158,770 per account: $46.2 million in plan assets across 291 accounts with a balance at the end of plan year 2024.

Who manages the Canfield Scientific, Inc 401(k) accounts?

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

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

Your account stays with Empower 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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