Formel D Usa, Inc. 401(k) Plan: Login, Facts & Contact Information

Formel D Usa, Inc. 401(k) Plan Facts

Plan name
FORMEL D USA, INC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FORMEL D USA, INC.
Participants
393 (207 active employees)
Former employees with a balance
61
Plan assets
$2,852,694 at Dec 31, 2024
Average account balance
$20,376 across 140 accounts
Employer contributions
$235,136 in plan year 2024 (36% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2017
✓ 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 Jul 31, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $647,621 went into the plan in contributions, $235,136 of it from the employer (36%).
  • $804,984 was paid out to participants.
  • Investment and other income added $380,609.
  • Administrative expenses were $46,754, about $334 per account.

How the Formel D Usa, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019474$2.20 million$387,553$143,626
2020582$1.91 million$303,564$1.12 million
2021527$2.32 million$303,787$537,123
2022565$1.95 million$660,048$944,898
2023366$2.68 million$263,128$253,806
2024393$2.85 million$235,136$804,984

Formel D Usa, Inc. 401(k) Contact Information

Phone
864-867-9131
Mailing address
3 RESEARCH DR STE 110, GREENVILLE SC 29607
Plan sponsor
FORMEL D USA, INC.
Employer identification number (EIN)
98-0425677
Plan number
002

Questions about the Formel D Usa, Inc. 401(k)

Does Formel D Usa, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $235,136, 36% of all contributions.

Does the Formel D Usa, Inc 401(k) have automatic enrollment?

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

How many people are in the Formel D Usa, Inc 401(k) plan?

393 participants at the start of plan year 2024, 207 of them active employees, and 61 former employees who still had money in the plan.

What is the average 401(k) balance at Formel D Usa, Inc?

About $20,376 per account: $2.85 million in plan assets across 140 accounts with a balance at the end of plan year 2024.

Who manages the Formel D Usa, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Formel D Usa, Inc. How do I access my 401(k)?

Your account stays with Empower 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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