Converse Inc. 401(k) Plan (terminated 2011): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2011, when $48.6 million was transferred out of the plan. Assets moved to the 401(K) SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF NIKE, INC. (sponsored by NIKE, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the 401(K) SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF NIKE, INC. →

Converse Inc. 401(k) Plan Facts (plan year 2011)

Plan name
CONVERSE INC. 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions
Plan sponsor
CONVERSE INC.
Participants
1,643
Former employees with a balance
0
Employer contributions
$3,554,372 in plan year 2011 (40% of all contributions)
Plan year
Jan 1, 2011 – Dec 31, 2011
Plan established
Mar 1, 2002
✓ 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 2011 (Jan 1, 2011 – Dec 31, 2011), filed Mar 25, 2015. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2011

  • $8.95 million went into the plan in contributions, $3.55 million of it from the employer (40%).
  • $4.14 million was paid out to participants.

How the Converse Inc. 401(k) changed, 2009–2011

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20091,456$33.1 million$3.16 million$1.87 million
20101,399$44.5 million$3.23 million$2.71 million
2011 (final)1,643$0$3.55 million$4.14 million

Converse Inc. 401(k) Contact Information

Phone
978-983-3508
Mailing address
ONE HIGH ST., #14, N. ANDOVER MA 01845
Plan sponsor
CONVERSE INC.
Employer identification number (EIN)
52-2296884
Plan number
001

Questions about the Converse Inc. 401(k)

Is the Converse Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2011. Its assets were transferred to the 401(K) SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF NIKE, INC..

Does Converse Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2011 the employer contributed $3.55 million, 40% of all contributions.

Does the Converse Inc 401(k) have automatic enrollment?

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

How many people are in the Converse Inc 401(k) plan?

1,643 participants at the start of plan year 2011.

Who manages the Converse Inc 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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