Carolina Canners 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 $33.4 million was transferred out of the plan. Assets moved to the PEPSI-COLA BOTTLERS STANDING-IN-THE-FUTURE 401(K) MULTIPLE EMPLOYER PLAN (sponsored by PEPSI-COLA BOTTLERS STANDING-IN-THE-FUTURE 401(K) MULTIPLE EMPLOYER). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the PEPSI-COLA BOTTLERS STANDING-IN-THE-FUTURE 401(K) MULTIPLE EMPLOYER PLAN →

Carolina Canners Inc 401(k) Plan Facts (plan year 2020)

Plan name
CAROLINA CANNERS, INC. & ITS SUBSIDIARIES EMPLOYEES' INVESTMENT AND PROFIT SHARING PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CAROLINA CANNERS INC
Participants
606
Former employees with a balance
0
Employer contributions
$1,461,411 in plan year 2020 (54% of all contributions)
Recordkeeper
Bb & T
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Nov 1, 1974
✓ 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 Sep 30, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $2.69 million went into the plan in contributions, $1.46 million of it from the employer (54%).
  • $6.79 million was paid out to participants.
  • Investment and other income added $3.45 million.

How the Carolina Canners Inc 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015482$31.9 million$-442,993$75,337
2016476$31.5 million$1.17 million$5.12 million
2017490$35.2 million$1.26 million$2.88 million
2018473$31.7 million$1.38 million$3.98 million
2019586$34.3 million$1.22 million$5.20 million
2020 (final)606$0$1.46 million$6.79 million

Carolina Canners Inc 401(k) Contact Information

Phone
843-537-5281
Mailing address
PO BOX 1628, CHERAW SC 29520
Plan sponsor
CAROLINA CANNERS INC
Plan administrator
GOLDLEAF PARTNERS FIDUCIARY SERVICES
Employer identification number (EIN)
57-0509114
Plan number
001

Questions about the Carolina Canners Inc 401(k)

Is the Carolina Canners 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 PEPSI-COLA BOTTLERS STANDING-IN-THE-FUTURE 401(K) MULTIPLE EMPLOYER PLAN.

Does Carolina Canners Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $1.46 million, 54% of all contributions.

Does the Carolina Canners Inc 401(k) have automatic enrollment?

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

How many people are in the Carolina Canners Inc 401(k) plan?

606 participants at the start of plan year 2020.

Who manages the Carolina Canners Inc 401(k) accounts?

Truist Retirement (listed on the filing as BB & T) is the plan's recordkeeper, which is where participants log in to see their balance.

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