Charles Lea Center 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Charles Lea Center 401(k) Plan Facts (plan year 2020)

Plan name
CHARLES LEA CENTER RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CHARLES LEA CENTER
Participants
718 (491 active employees)
Former employees with a balance
142
Plan assets
$3,632,783 at Jun 30, 2021
Average account balance
$6,396 across 568 accounts
Employer contributions
$107,103 in plan year 2020 (24% of all contributions)
Recordkeeper
Ascensus Llc
Plan year
Jul 1, 2020 – Jun 30, 2021
Plan established
Jul 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 2020 (Jul 1, 2020 – Jun 30, 2021), filed Apr 18, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $438,524 went into the plan in contributions, $107,103 of it from the employer (24%).
  • $513,699 was paid out to participants.
  • Investment and other income added $829,203.
  • Administrative expenses were $37,950, about $67 per account.

How the Charles Lea Center 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015567$3.17 million$70,481$398,608
2016661$3.15 million$83,815$645,268
2017646$2.87 million$85,044$936,280
2018531$2.95 million$88,566$328,633
2019663$2.92 million$102,790$456,176
2020718$3.63 million$107,103$513,699

Charles Lea Center 401(k) Contact Information

Phone
864-562-2109
Mailing address
195 BURDETTE ST, SPARTANBURG SC 29307
Plan sponsor
CHARLES LEA CENTER
Employer identification number (EIN)
57-6036895
Plan number
002

Questions about the Charles Lea Center 401(k)

Is the Charles Lea Center 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Charles Lea Center contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $107,103, 24% of all contributions.

Does the Charles Lea Center 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Charles Lea Center 401(k) plan?

718 participants at the start of plan year 2020, 491 of them active employees, and 142 former employees who still had money in the plan.

What is the average 401(k) balance at Charles Lea Center?

About $6,396 per account: $3.63 million in plan assets across 568 accounts with a balance at the end of plan year 2020.

Who manages the Charles Lea Center 401(k) accounts?

Ascensus (listed on the filing as ASCENSUS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

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