Fortiline, Inc. 401(k) Plan (terminated 2017): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2017, when $16.7 million was transferred out of the plan. Assets moved to the REECE USA 401(K) PLAN (sponsored by REECE INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Fortiline, Inc. 401(k) Plan Facts (plan year 2017)

Plan name
FORTILINE, INC. PROFIT SHARING/401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FORTILINE, INC.
Participants
559
Former employees with a balance
0
Employer contributions
$435,904 in plan year 2017 (18% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 1, 1998
✓ 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 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 12, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $2.46 million went into the plan in contributions, $435,904 of it from the employer (18%).
  • $1.58 million was paid out to participants.
  • Investment and other income added $2.47 million.

How the Fortiline, Inc. 401(k) changed, 2012–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2012397$9.68 million—$2.14 million
2013440$11.1 million$163,492$1.43 million
2014426$11.9 million$496,830$1.22 million
2015457$12.2 million—$472,463
2016516$13.5 million$354,607$1.82 million
2017 (final)559$0$435,904$1.58 million

Fortiline, Inc. 401(k) Contact Information

Phone
704-788-9800
Mailing address
7025 NORTHWINDS DRIVE NW, CONCORD NC 28027
Plan sponsor
FORTILINE, INC.
Employer identification number (EIN)
57-0819190
Plan number
001

Questions about the Fortiline, Inc. 401(k)

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

No. The plan's final Form 5500 was filed for plan year 2017. Its assets were transferred to the REECE USA 401(K) PLAN.

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

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $435,904, 18% of all contributions.

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

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

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

559 participants at the start of plan year 2017.

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

Principal is the plan's recordkeeper, which is where participants log in to see their balance.

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