Essex Technology Group, Inc. 401(k) Plan (terminated 2019): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2019, when $15.9 million was transferred out of the plan. Assets moved to the CONVERGE TECHNOLOGY SOLUTIONS US 401(K) PLAN (sponsored by CONVERGE TECHNOLOGY SOLUTIONS US, LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the CONVERGE TECHNOLOGY SOLUTIONS US 401(K) PLAN →

Essex Technology Group, Inc. 401(k) Plan Facts (plan year 2019)

Plan name
ESSEX TECHNOLOGY GROUP, INC. 401(K) SAVINGS PLAN
Plan type
401(k) and profit sharing
Plan sponsor
ESSEX TECHNOLOGY GROUP, INC.
Participants
115
Former employees with a balance
0
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2019 – Dec 2, 2019
Plan established
Dec 1, 1999
— 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 2019 (Jan 1, 2019 – Dec 2, 2019), filed Dec 19, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $780,965 went into the plan in contributions.
  • $2.70 million was paid out to participants.
  • Investment and other income added $2.83 million.

How the Essex Technology Group, Inc. 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201459$7.97 million—$463,562
201570$7.68 million—$671,130
201661$7.97 million—$663,071
201755$17.0 million$0$1.55 million
2018121$15.0 million$0$2.13 million
2019 (final)115$0$0$2.70 million

Essex Technology Group, Inc. 401(k) Contact Information

Phone
201-291-5029
Mailing address
80 WEST, PLAZA II, 250 PEHLE AVE SUITE 200, SADDLEBROOK NJ 07663
Plan sponsor
ESSEX TECHNOLOGY GROUP, INC.
Employer identification number (EIN)
22-3679815
Plan number
001

Questions about the Essex Technology Group, Inc. 401(k)

Is the Essex Technology Group, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2019. Its assets were transferred to the CONVERGE TECHNOLOGY SOLUTIONS US 401(K) PLAN.

Does Essex Technology Group, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500.

Does the Essex Technology Group, Inc 401(k) have automatic enrollment?

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

How many people are in the Essex Technology Group, Inc 401(k) plan?

115 participants at the start of plan year 2019.

Who manages the Essex Technology Group, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

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