Coherent, Inc. 401(k) Plan (terminated 2023): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2023, when $477.6 million was transferred out of the plan. Assets moved to the COHERENT CORP. 401(K) PROFIT SHARING PLAN (sponsored by COHERENT CORP.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
See the COHERENT CORP. 401(K) PROFIT SHARING PLAN →Coherent, Inc. 401(k) Login
Retirement plan providers can change. This information is from the plan's 2023 filing.
Coherent, Inc. 401(k) Plan Facts (plan year 2023)
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Jul 30, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $26.2 million went into the plan in contributions, $6.67 million of it from the employer (25%).
- $52.0 million was paid out to participants.
- Investment and other income added $68.5 million.
How the Coherent, Inc. 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 2,133 | $321.0 million | $5.71 million | $25.2 million |
| 2019 | 2,163 | $395.6 million | $5.97 million | $17.4 million |
| 2020 | 2,181 | $447.2 million | $5.86 million | $24.8 million |
| 2021 | 2,138 | $516.5 million | $6.13 million | $27.7 million |
| 2022 | 2,278 | $435.2 million | $6.90 million | $28.7 million |
| 2023 (final) | 2,320 | $0 | $6.67 million | $52.0 million |
Coherent, Inc. 401(k) Contact Information
Questions about the Coherent, Inc. 401(k)
Is the Coherent, 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 COHERENT CORP. 401(K) PROFIT SHARING PLAN.
Does Coherent, Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $6.67 million, 25% of all contributions.
Does the Coherent, Inc 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Coherent, Inc 401(k) plan?
2,320 participants at the start of plan year 2023.
Who manages the Coherent, Inc 401(k) accounts?
Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER AND S) is the plan's recordkeeper, which is where participants log in to see their balance.