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

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Fibertel, Inc. 401(k) Plan Facts (plan year 2020)

Plan name
FIBERTEL, INC. 401(K) PLAN
Plan type
401(k) and profit sharing
Plan sponsor
FIBERTEL, INC.
Participants
219 (93 active employees)
Former employees with a balance
103
Plan assets
$2,307,758 at Dec 31, 2020
Average account balance
$15,385 across 150 accounts
Employer contributions
$151,697 in plan year 2020 (36% of all contributions)
Recordkeeper
Digital Retirement Solutions, Inc.
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Jan 1, 2013
— 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 2020 (Jan 1, 2020 – Dec 31, 2020), filed Oct 14, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $423,014 went into the plan in contributions, $151,697 of it from the employer (36%).
  • $1.60 million was paid out to participants.
  • Investment and other income added $491,190.
  • Administrative expenses were $16,921, about $113 per account.

How the Fibertel, Inc. 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201554$895,137$70,600$54,885
201668$1.22 million$79,447$23,347
201788$1.72 million$124,890$135,037
2018125———
2019171$3.02 million$218,467$119,542
2020219$2.31 million$151,697$1.60 million

Fibertel, Inc. 401(k) Contact Information

Phone
801-489-0659
Mailing address
893 NORTH 450 WEST, SPRINGVILLE UT 84663
Plan sponsor
FIBERTEL, INC.
Employer identification number (EIN)
84-1426104
Plan number
001

Questions about the Fibertel, Inc. 401(k)

Is the Fibertel, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Fibertel, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $151,697 in employer contributions for plan year 2020.

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

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

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

219 participants at the start of plan year 2020, 93 of them active employees, and 103 former employees who still had money in the plan.

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

About $15,385 per account: $2.31 million in plan assets across 150 accounts with a balance at the end of plan year 2020.

Who manages the Fibertel, Inc 401(k) accounts?

DIGITAL RETIREMENT SOLUTIONS, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

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