Great Neck Saw Manufacturers, Inc. 401(k) Plan: Login, Facts & Contact Information

Great Neck Saw Manufacturers, Inc. 401(k) Plan Facts

Plan name
GREAT NECK TOOLS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GREAT NECK TOOLS, INC. 401(K) PLAN
Participants
403 (421 active employees)
Former employees with a balance
126
Plan assets
$20,497,172 at Dec 31, 2024
Average account balance
$39,418 across 520 accounts
Employer contributions
$603,376 in plan year 2024 (39% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Dec 31, 1963
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.57 million went into the plan in contributions, $603,376 of it from the employer (39%).
  • $2.36 million was paid out to participants.
  • Investment and other income added $1.75 million.
  • Administrative expenses were $23,740, about $46 per account.

How the Great Neck Saw Manufacturers, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019431$20.3 million$1.13 million$1.85 million
2020470$19.3 million$614,833$4.36 million
2021471$19.8 million$166,181$2.29 million
2022429$18.1 million$1.06 million$1.33 million
2023469$19.6 million$643,292$2.05 million
2024403$20.5 million$603,376$2.36 million

Great Neck Saw Manufacturers, Inc. 401(k) Contact Information

Phone
516-746-5352
Mailing address
165 EAST SECOND STREET, MINEOLA NY 11501
Plan sponsor
GREAT NECK TOOLS, INC. 401(K) PLAN
Employer identification number (EIN)
11-0834190
Plan number
001

Questions about the Great Neck Saw Manufacturers, Inc. 401(k)

Does Great Neck Saw Manufacturers, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $603,376, 39% of all contributions.

Does the Great Neck Saw Manufacturers, Inc 401(k) have automatic enrollment?

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

How many people are in the Great Neck Saw Manufacturers, Inc 401(k) plan?

403 participants at the start of plan year 2024, 421 of them active employees, and 126 former employees who still had money in the plan.

What is the average 401(k) balance at Great Neck Saw Manufacturers, Inc?

About $39,418 per account: $20.5 million in plan assets across 520 accounts with a balance at the end of plan year 2024.

Who manages the Great Neck Saw Manufacturers, Inc 401(k) accounts?

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

I no longer work at Great Neck Saw Manufacturers, 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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