Castle Branch, Inc. 401(k) Plan (terminated 2023): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2023, when $7.84 million was transferred out of the plan. Assets moved to the BUILDWISE (sponsored by PLAN PROFESSIONALS, LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Castle Branch, Inc. 401(k) Plan Facts (plan year 2023)

Plan name
CASTLE BRANCH, INC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CASTLE BRANCH, INC
Participants
476
Former employees with a balance
0
Employer contributions
$84,137 in plan year 2023 (26% of all contributions)
Recordkeeper
Stancorp Financial Group
Plan year
Jan 1, 2023 – Apr 30, 2023
Plan established
Jan 1, 2002
✓ 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 2023 (Jan 1, 2023 – Apr 30, 2023), filed Dec 9, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $328,556 went into the plan in contributions, $84,137 of it from the employer (26%).
  • $781,714 was paid out to participants.
  • Investment and other income added $510,992.

How the Castle Branch, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018415$4.06 million$210,514$702,231
2019427$5.60 million$293,162$520,813
2020422$7.24 million$265,888$473,563
2021531$9.00 million$292,024$719,791
2022485$7.78 million$282,502$997,025
2023 (final)476$0$84,137$781,714

Castle Branch, Inc. 401(k) Contact Information

Phone
910-815-3880
Mailing address
1844 SIR TYLER DRIVE, WILMINGTON NC 28405
Plan sponsor
CASTLE BRANCH, INC
Employer identification number (EIN)
56-2169613
Plan number
001

Questions about the Castle Branch, Inc. 401(k)

Is the Castle Branch, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2023. Its assets were transferred to the BUILDWISE.

Does Castle Branch, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $84,137, 26% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

476 participants at the start of plan year 2023.

Who manages the Castle Branch, Inc 401(k) accounts?

The Standard (listed on the filing as STANCORP FINANCIAL GROUP) is the plan's recordkeeper, which is where participants log in to see their balance.

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