Caraustar Industries, Inc. 401(k) Plan (terminated 2020): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2020, when $382.8 million was transferred out of the plan. Assets moved to the GREIF 401(K) RETIREMENT PLAN (sponsored by GREIF PACKAGING LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the GREIF 401(K) RETIREMENT PLAN →

Caraustar Industries, Inc. 401(k) Plan Facts (plan year 2020)

Plan name
CARAUSTAR INDUSTRIES, INC. EMPLOYEES' SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CARAUSTAR INDUSTRIES, INC.
Participants
5,230
Former employees with a balance
0
Plan assets
$780,730 at Dec 31, 2020
Employer contributions
$11,412,128 in plan year 2020 (42% of all contributions)
Recordkeeper
Massachusetts Mutual Life Ins. Co.
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Aug 21, 1984
✓ 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 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 13, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $26.9 million went into the plan in contributions, $11.4 million of it from the employer (42%).
  • $76.9 million was paid out to participants.
  • Investment and other income added $46.3 million.

How the Caraustar Industries, Inc. 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20152,889$184.5 million$6.83 million$16.8 million
20164,530$286.0 million$11.0 million$27.8 million
20174,127$336.2 million$11.3 million$25.4 million
20185,140$320.2 million$12.8 million$30.7 million
20195,356$387.1 million$16.6 million$36.6 million
2020 (final)5,230$780,730$11.4 million$76.9 million

Caraustar Industries, Inc. 401(k) Contact Information

Phone
770-948-3101
Mailing address
5000 AUSTELL POWDER SPRINGS RD, AUSTELL GA 30106
Plan sponsor
CARAUSTAR INDUSTRIES, INC.
Employer identification number (EIN)
80-0467749
Plan number
002

Questions about the Caraustar Industries, Inc. 401(k)

Is the Caraustar Industries, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the GREIF 401(K) RETIREMENT PLAN.

Does Caraustar Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $11.4 million, 42% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

5,230 participants at the start of plan year 2020.

Who manages the Caraustar Industries, Inc 401(k) accounts?

Empower (listed on the filing as MASSACHUSETTS MUTUAL LIFE INS. CO.) is the plan's recordkeeper, which is where participants log in to see their balance.

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