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

Cassavant Machining, Inc. 401(k) Plan Facts

Plan name
CMI GROUP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CASSAVANT MACHINING, INC.
Participants
693 (531 active employees)
Former employees with a balance
200
Plan assets
$22,540,761 at Dec 31, 2024
Average account balance
$31,177 across 723 accounts
Employer contributions
$1,366,425 in plan year 2024 (32% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2006
✓ 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 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.33 million went into the plan in contributions, $1.37 million of it from the employer (32%).
  • $2.74 million was paid out to participants.
  • Investment and other income added $2.19 million.
  • Administrative expenses were $112,260, about $155 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019335$9.54 million$1.08 million$349,370
2020432$10.3 million$657,354$2.26 million
2021496$14.5 million$733,517$980,921
2022570$15.1 million$1.08 million$4.07 million
2023673$18.9 million$1.14 million$1.95 million
2024693$22.5 million$1.37 million$2.74 million

Cassavant Machining, Inc. 401(k) Contact Information

Phone
602-437-4005
Mailing address
3641 EAST LA SALLE STREET, PHOENIX AZ 85040
Plan sponsor
CASSAVANT MACHINING, INC.
Plan administrator
FUTUREPLAN FIDUCIARY SERVICES
Employer identification number (EIN)
86-0905169
Plan number
002

Questions about the Cassavant Machining, Inc. 401(k)

Does Cassavant Machining, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.37 million, 32% of all contributions.

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

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

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

693 participants at the start of plan year 2024, 531 of them active employees, and 200 former employees who still had money in the plan.

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

About $31,177 per account: $22.5 million in plan assets across 723 accounts with a balance at the end of plan year 2024.

Who manages the Cassavant Machining, 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 Cassavant Machining, 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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