Cheil Usa, Inc 401(k) Plan (terminated 2021): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2021, when $3.29 million was transferred out of the plan. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Cheil Usa, Inc 401(k) Plan Facts (plan year 2021)

Plan name
CHEIL USA INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CHEIL USA INC.
Participants
143
Former employees with a balance
0
Employer contributions
$52,541 in plan year 2021 (9% of all contributions)
Recordkeeper
Ascensus Llc
Plan year
Jan 1, 2021 – Dec 30, 2021
Plan established
Jan 1, 2000
✓ 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 2021 (Jan 1, 2021 – Dec 30, 2021), filed Oct 17, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $600,024 went into the plan in contributions, $52,541 of it from the employer (9%).
  • $142,699 was paid out to participants.
  • Investment and other income added $405,830.

How the Cheil Usa, Inc 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201688$2.14 million$3,922$69,218
201784$2.08 million$3,560$365,558
201880$1.94 million$4,355$51,155
201978$2.17 million$12,878$219,318
202088$2.47 million$17,362$94,697
2021 (final)143$0$52,541$142,699

Cheil Usa, Inc 401(k) Contact Information

Phone
646-380-5814
Mailing address
112 W 20TH STREET 7TH FLOOR, NEW YORK NY 10011
Plan sponsor
CHEIL USA INC.
Employer identification number (EIN)
22-3154110
Plan number
001

Questions about the Cheil Usa, Inc 401(k)

Is the Cheil Usa, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2021.

Does Cheil Usa, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $52,541, 9% of all contributions.

Does the Cheil Usa, Inc 401(k) have automatic enrollment?

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

How many people are in the Cheil Usa, Inc 401(k) plan?

143 participants at the start of plan year 2021.

Who manages the Cheil Usa, Inc 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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