Genpak Llc 401(k) Plan (terminated 2019): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2019, when $66.9 million was transferred out of the plan. Assets moved to the GENPAK 401(K) PLAN (sponsored by GENPAK LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Genpak Llc 401(k) Plan Facts (plan year 2019)

Plan name
GENPAK RETIREMENT INCOME PLAN (FOR SALARIED-PAID EMPLOYEES)
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GENPAK LLC
Participants
604
Former employees with a balance
0
Employer contributions
$1,121,136 in plan year 2019 (30% of all contributions)
Recordkeeper
Massachusetts Mutual Life Ins. Co.
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Apr 1, 1980
✓ 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 2019 (Jan 1, 2019 – Dec 31, 2019), filed Feb 4, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $3.78 million went into the plan in contributions, $1.12 million of it from the employer (30%).
  • $7.80 million was paid out to participants.
  • Investment and other income added $9.38 million.

How the Genpak Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014489$51.0 million$1.04 million$3.44 million
2015503$51.8 million$1.01 million$3.44 million
2016507$54.3 million$1.27 million$4.14 million
2017517$63.5 million$1.39 million$3.35 million
2018602$61.6 million$1.32 million$4.61 million
2019 (final)604$0$1.12 million$7.80 million

Genpak Llc 401(k) Contact Information

Phone
518-798-9511
Mailing address
10601 WESTLAKE DRIVE, CHARLOTTE NC 28273
Plan sponsor
GENPAK LLC
Employer identification number (EIN)
14-1803622
Plan number
004

Questions about the Genpak Llc 401(k)

Is the Genpak Llc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2019. Its assets were transferred to the GENPAK 401(K) PLAN.

Does Genpak Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $1.12 million, 30% of all contributions.

Does the Genpak Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Genpak Llc 401(k) plan?

604 participants at the start of plan year 2019.

Who manages the Genpak Llc 401(k) accounts?

Empower (listed on the filing as MASSACHUSETTS MUTUAL LIFE INS. CO.) is the plan's recordkeeper, which is where participants log in to see their balance.

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