Covelli Enterprises, Inc. 401(k) Plan: Login, Facts & Contact Information

Covelli Enterprises, Inc. 401(k) Plan Facts

Plan name
COVELLI ENTERPRISES, INC. 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
COVELLI ENTERPRISES, INC.
Participants
2,898 (1,903 active employees)
Former employees with a balance
544
Plan assets
$56,397,077 at Dec 31, 2024
Average account balance
$23,897 across 2,360 accounts
Employer contributions
$2,151,407 in plan year 2024 (37% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1993
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.85 million went into the plan in contributions, $2.15 million of it from the employer (37%).
  • $5.96 million was paid out to participants.
  • Investment and other income added $7.02 million.
  • Administrative expenses were $291,121, about $123 per account.

How the Covelli Enterprises, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20194,606$36.0 million$1.73 million$2.32 million
20205,296$41.2 million$1.53 million$3.87 million
20215,093$50.6 million$1.92 million$2.42 million
20225,108$41.7 million$2.53 million$6.43 million
20233,245$49.8 million$2.11 million$4.83 million
20242,898$56.4 million$2.15 million$5.96 million

Covelli Enterprises, Inc. 401(k) Contact Information

Phone
330-856-3176
Mailing address
3900 E MARKET ST, WARREN OH 444844632
Plan sponsor
COVELLI ENTERPRISES, INC.
Employer identification number (EIN)
34-1724212
Plan number
001

Questions about the Covelli Enterprises, Inc. 401(k)

Does Covelli Enterprises, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.15 million, 37% of all contributions.

Does the Covelli Enterprises, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Covelli Enterprises, Inc 401(k) plan?

2,898 participants at the start of plan year 2024, 1,903 of them active employees, and 544 former employees who still had money in the plan.

What is the average 401(k) balance at Covelli Enterprises, Inc?

About $23,897 per account: $56.4 million in plan assets across 2,360 accounts with a balance at the end of plan year 2024.

Who manages the Covelli Enterprises, Inc 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 Covelli Enterprises, Inc. 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.

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