Closure Systems International Holdings Llc 401(k) Plan: Login, Facts & Contact Information

Closure Systems International Holdings Llc 401(k) Plan Facts

Plan name
EMPLOYEE RETIREMENT PLAN FOR CLOSURE SYSTEMS INTERNATIONAL
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CLOSURE SYSTEMS INTERNATIONAL HOLDINGS LLC
Participants
982 (796 active employees)
Former employees with a balance
144
Plan assets
$117,673,152 at Dec 31, 2023
Average account balance
$130,893 across 899 accounts
Employer contributions
$2,884,057 in plan year 2023 (38% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Feb 29, 2008
✓ 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 – Dec 31, 2023), filed Oct 11, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $7.55 million went into the plan in contributions, $2.88 million of it from the employer (38%).
  • $20.7 million was paid out to participants.
  • Investment and other income added $18.2 million.
  • Administrative expenses were $187,195, about $208 per account.

How the Closure Systems International Holdings Llc 401(k) changed, 2019–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019840$105.4 million$1.21 million$86,665
2020843$127.7 million$4.20 million$7.27 million
2021825$142.2 million$3.97 million$12.1 million
20221,049$112.8 million$3.50 million$13.7 million
2023982$117.7 million$2.88 million$20.7 million

Closure Systems International Holdings Llc 401(k) Contact Information

Phone
317-390-5209
Mailing address
7820 INNOVATION BLVD., INDIANAPOLIS IN 462782728
Plan sponsor
CLOSURE SYSTEMS INTERNATIONAL HOLDINGS LLC
Employer identification number (EIN)
77-0710458
Plan number
001

Questions about the Closure Systems International Holdings Llc 401(k)

Does Closure Systems International Holdings Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $2.88 million, 38% of all contributions.

Does the Closure Systems International Holdings Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Closure Systems International Holdings Llc 401(k) plan?

982 participants at the start of plan year 2023, 796 of them active employees, and 144 former employees who still had money in the plan.

What is the average 401(k) balance at Closure Systems International Holdings Llc?

About $130,893 per account: $117.7 million in plan assets across 899 accounts with a balance at the end of plan year 2023.

Who manages the Closure Systems International Holdings Llc 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 Closure Systems International Holdings Llc. 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.

Related Companies
Headquarter: 511 JAKE ALEXANDER BLVD. S P.O. BOX 1788, SALISBURY, NC, 281451788
Headquarter: 5470 GREAT AMERICA PKWY, SANTA CLARA, CA, 95054
Headquarter: 646 SOUTH FLORES STREET, SAN ANTONIO, TX, 78204
Headquarter: 1295 STATE STREET, F105, SPRINGFIELD, MA, 011110001
Headquarter: 250 NICOLLET MALL FLOOR 16, MINNEAPOLIS, MN, 55401