Ferragon Corporation 401(k) Plan: Login, Facts & Contact Information

Ferragon Corporation 401(k) Plan Facts

Plan name
FERRAGON CORPORATION THRIFT INCENTIVE PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FERRAGON CORPORATION
Participants
277 (181 active employees)
Former employees with a balance
74
Plan assets
$13,570,822 at Dec 31, 2024
Average account balance
$66,524 across 204 accounts
Employer contributions
$296,614 in plan year 2024 (26% of all contributions)
Recordkeeper
John Hancock Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Apr 1, 1987
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 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.14 million went into the plan in contributions, $296,614 of it from the employer (26%).
  • $1.04 million was paid out to participants.
  • Investment and other income added $1.56 million.
  • Administrative expenses were $41,113, about $202 per account.

How the Ferragon Corporation 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019217$9.51 million$147,563$1.84 million
2020222$10.7 million$690,692
2021203$12.1 million$205,503$739,074
2022223$10.2 million$280,755$1.29 million
2023224$12.0 million$314,593$765,622
2024277$13.6 million$296,614$1.04 million

Ferragon Corporation 401(k) Contact Information

Phone
216-671-6161
Mailing address
11103 MEMPHIS AVENUE, BROOKLYN OH 44144
Plan sponsor
FERRAGON CORPORATION
Employer identification number (EIN)
34-1384033
Plan number
001

Questions about the Ferragon Corporation 401(k)

Does Ferragon Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $296,614, 26% of all contributions.

Does the Ferragon Corporation 401(k) have automatic enrollment?

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

How many people are in the Ferragon Corporation 401(k) plan?

277 participants at the start of plan year 2024, 181 of them active employees, and 74 former employees who still had money in the plan.

What is the average 401(k) balance at Ferragon Corporation?

About $66,524 per account: $13.6 million in plan assets across 204 accounts with a balance at the end of plan year 2024.

Who manages the Ferragon Corporation 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Ferragon Corporation. How do I access my 401(k)?

Your account stays with John Hancock 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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