Coats American, Inc. 401(k) Plan: Login, Facts & Contact Information

Coats American, Inc. 401(k) Plan Facts

Plan name
COATS NORTH AMERICA SAVINGS AND INVESTMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COATS AMERICAN, INC.
Participants
1,252 (538 active employees)
Former employees with a balance
363
Plan assets
$51,921,919 at Dec 31, 2023
Average account balance
$60,941 across 852 accounts
Employer contributions
$755,154 in plan year 2023 (27% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jul 1, 1984
✓ 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 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $2.80 million went into the plan in contributions, $755,154 of it from the employer (27%).
  • $6.73 million was paid out to participants.
  • Investment and other income added $7.22 million.
  • Administrative expenses were $101,498, about $119 per account.

How the Coats American, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20181,635$56.1 million$1.00 million$11.7 million
20191,346$45.4 million$629,675$22.9 million
2020826$49.2 million$830,079$5.33 million
20211,194$62.3 million$962,102$4.63 million
20221,323$48.7 million$782,468$8.22 million
20231,252$51.9 million$755,154$6.73 million

Coats American, Inc. 401(k) Contact Information

Phone
704-329-5800
Mailing address
14120 BALLANTYNE CORPORATE PLACE SUITE 300, CHARLOTTE NC 28277
Plan sponsor
COATS AMERICAN, INC.
Employer identification number (EIN)
13-4924750
Plan number
009

Questions about the Coats American, Inc. 401(k)

Does Coats American, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $755,154, 27% of all contributions.

Does the Coats American, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Coats American, Inc 401(k) plan?

1,252 participants at the start of plan year 2023, 538 of them active employees, and 363 former employees who still had money in the plan.

What is the average 401(k) balance at Coats American, Inc?

About $60,941 per account: $51.9 million in plan assets across 852 accounts with a balance at the end of plan year 2023.

Who manages the Coats American, Inc 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Coats American, Inc. How do I access my 401(k)?

Your account stays with Vanguard 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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