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

Canvas, Inc. 401(k) Plan Facts

Plan name
CANVAS, INC. 401(K)
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CANVAS, INC.
Participants
550 (588 active employees)
Former employees with a balance
94
Plan assets
$42,945,707 at Dec 31, 2024
Average account balance
$65,666 across 654 accounts
Employer contributions
$3,565,655 in plan year 2024 (23% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 2009
✓ 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 Apr 3, 2026. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $15.4 million went into the plan in contributions, $3.57 million of it from the employer (23%).
  • $4.92 million was paid out to participants.
  • Investment and other income added $4.57 million.
  • Administrative expenses were $98,764, about $151 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019224$9.59 million$721,637$1.11 million
2020228$12.1 million$830,588$1.10 million
2021262$18.8 million$1.07 million$1.01 million
2022426$18.4 million$1.72 million$2.04 million
2023479$28.0 million$2.95 million$2.15 million
2024550$42.9 million$3.57 million$4.92 million

Canvas, Inc. 401(k) Contact Information

Phone
205-489-2988
Mailing address
203 GREENE ST SE UNIT B, HUNTSVILLE AL 358014810
Plan sponsor
CANVAS, INC.
Employer identification number (EIN)
32-0214946
Plan number
001

Questions about the Canvas, Inc. 401(k)

Does Canvas, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $3.57 million, 23% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

550 participants at the start of plan year 2024, 588 of them active employees, and 94 former employees who still had money in the plan.

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

About $65,666 per account: $42.9 million in plan assets across 654 accounts with a balance at the end of plan year 2024.

Who manages the Canvas, Inc 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 Canvas, Inc. 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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