General Bearing Corporation 401(k) Plan (terminated 2018): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2018. Assets moved to the PENSION PLAN FOR EMPLOYEES OF SKF USA INC. (sponsored by SKF USA INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
General Bearing Corporation 401(k) Login
Retirement plan providers can change. This information is from the plan's 2018 filing.
General Bearing Corporation 401(k) Plan Facts (plan year 2018)
Source: Form 5500-SF for plan year 2018 (Jan 1, 2018 – Dec 31, 2018), filed Aug 1, 2019. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2018
- $1.36 million went into the plan in contributions, $237,191 of it from the employer (17%).
- $1.79 million was paid out to participants.
How the General Bearing Corporation 401(k) changed, 2013–2018
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2013 | 92 | $16.7 million | $130,320 | $249,447 |
| 2014 | 93 | $17.7 million | $197,787 | $693,367 |
| 2015 | 100 | $15.6 million | $405,757 | $3.50 million |
| 2016 | 96 | $17.8 million | $378,739 | $383,605 |
| 2017 | 88 | $20.5 million | $286,176 | $1.02 million |
| 2018 (final) | 84 | $0 | $237,191 | $1.79 million |
General Bearing Corporation 401(k) Contact Information
Questions about the General Bearing Corporation 401(k)
Is the General Bearing Corporation 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2018. Its assets were transferred to the PENSION PLAN FOR EMPLOYEES OF SKF USA INC..
Does General Bearing Corporation contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $237,191, 17% of all contributions.
Does the General Bearing Corporation 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the General Bearing Corporation 401(k) plan?
84 participants at the start of plan year 2018.
Who manages the General Bearing Corporation 401(k) accounts?
Empower is the plan's recordkeeper, which is where participants log in to see their balance.