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

Friedman Industries, Inc. 401(k) Plan Facts

Plan name
FRIEDMAN INDUSTRIES, INC. EMPLOYEES' RETIREMENT & 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
FRIEDMAN INDUSTRIED, INCORPORATED
Participants
241 (240 active employees)
Former employees with a balance
17
Plan assets
$11,881,312 at Dec 31, 2024
Average account balance
$55,781 across 213 accounts
Employer contributions
$535,075 in plan year 2024 (23% of all contributions)
Recordkeeper
Fidelity Investments
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Mar 1, 1997
✓ 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

  • $2.37 million went into the plan in contributions, $535,075 of it from the employer (23%).
  • $1.38 million was paid out to participants.
  • Investment and other income added $1.13 million.
  • Administrative expenses were $23,959, about $112 per account.

How the Friedman Industries, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201995$5.95 million$249,709$549,984
2020117$6.50 million$246,449$953,066
202195$7.93 million$284,049$199,660
2022110$7.39 million$301,094$407,358
2023204$9.80 million$764,548$879,755
2024241$11.9 million$535,075$1.38 million

Friedman Industries, Inc. 401(k) Contact Information

Phone
903-758-3431
Mailing address
1121 JUDSON ROAD SUITE 124, LONGVIEW TX 75601
Plan sponsor
FRIEDMAN INDUSTRIED, INCORPORATED
Employer identification number (EIN)
74-1504405
Plan number
002

Questions about the Friedman Industries, Inc. 401(k)

Does Friedman Industries, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $535,075, 23% of all contributions.

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

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

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

241 participants at the start of plan year 2024, 240 of them active employees, and 17 former employees who still had money in the plan.

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

About $55,781 per account: $11.9 million in plan assets across 213 accounts with a balance at the end of plan year 2024.

Who manages the Friedman Industries, Inc 401(k) accounts?

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

I no longer work at Friedman Industries, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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