Cw Resources, Inc. 401(k) Plan: Login, Facts & Contact Information

Cw Resources, Inc. 401(k) Plan Facts

Plan name
403(B) THRIFT PLAN FOR CW RESOURCES, INC
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CW RESOURCES, INC.
Participants
2,330 (2,205 active employees)
Former employees with a balance
184
Plan assets
$16,406,414 at Jun 30, 2023
Average account balance
$12,698 across 1,292 accounts
Employer contributions
$725,765 in plan year 2022 (46% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jul 1, 2022 – Jun 30, 2023
Plan established
Jul 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 2022 (Jul 1, 2022 – Jun 30, 2023), filed Apr 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $1.59 million went into the plan in contributions, $725,765 of it from the employer (46%).
  • $2.45 million was paid out to participants.
  • Investment and other income added $1.56 million.
  • Administrative expenses were $123,781, about $96 per account.

How the Cw Resources, Inc. 401(k) changed, 2009–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009219$4.25 million$585,672$388,126
20211,897$15.8 million$787,024$3.77 million
20222,330$16.4 million$725,765$2.45 million

Cw Resources, Inc. 401(k) Contact Information

Phone
860-229-7700
Mailing address
200 MYRTLE STREET, NEW BRITAIN CT 06053
Plan sponsor
CW RESOURCES, INC.
Employer identification number (EIN)
06-0806499
Plan number
001

Questions about the Cw Resources, Inc. 401(k)

Does Cw Resources, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $725,765, 46% of all contributions.

Does the Cw Resources, Inc 401(k) have automatic enrollment?

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

How many people are in the Cw Resources, Inc 401(k) plan?

2,330 participants at the start of plan year 2022, 2,205 of them active employees, and 184 former employees who still had money in the plan.

What is the average 401(k) balance at Cw Resources, Inc?

About $12,698 per account: $16.4 million in plan assets across 1,292 accounts with a balance at the end of plan year 2022.

Who manages the Cw Resources, Inc 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Newport (an Ascensus company) 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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