Corbins Service Electric, Llc 401(k) Plan: Login, Facts & Contact Information

Corbins Service Electric, Llc 401(k) Plan Facts

Plan name
CORBINS ELECTRIC SAVINGS AND RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CORBINS SERVICE ELECTRIC, LLC
Participants
786 (565 active employees)
Former employees with a balance
175
Plan assets
$15,796,959 at Dec 31, 2022
Average account balance
$23,197 across 681 accounts
Employer contributions
$810,003 in plan year 2022 (20% of all contributions)
Recordkeeper
Stancorp Financial Group
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 2019
✓ 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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 13, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $4.11 million went into the plan in contributions, $810,003 of it from the employer (20%).
  • $1.50 million was paid out to participants.
  • Administrative expenses were $144,808, about $213 per account.

How the Corbins Service Electric, Llc 401(k) changed, 2019–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019422$7.47 million$197,382$73,533
2020652$12.3 million$619,061$1.21 million
2021826$16.2 million$793,750$1.28 million
2022786$15.8 million$810,003$1.50 million

Corbins Service Electric, Llc 401(k) Contact Information

Phone
480-967-5810
Mailing address
4829 S 38TH STREET, PHOENIX AZ 85040
Plan sponsor
CORBINS SERVICE ELECTRIC, LLC
Employer identification number (EIN)
86-0999654
Plan number
001

Questions about the Corbins Service Electric, Llc 401(k)

Does Corbins Service Electric, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $810,003, 20% of all contributions.

Does the Corbins Service Electric, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Corbins Service Electric, Llc 401(k) plan?

786 participants at the start of plan year 2022, 565 of them active employees, and 175 former employees who still had money in the plan.

What is the average 401(k) balance at Corbins Service Electric, Llc?

About $23,197 per account: $15.8 million in plan assets across 681 accounts with a balance at the end of plan year 2022.

Who manages the Corbins Service Electric, Llc 401(k) accounts?

The Standard (listed on the filing as STANCORP FINANCIAL GROUP) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Corbins Service Electric, Llc. How do I access my 401(k)?

Your account stays with The Standard 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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