Greenwood Mills, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2016. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Greenwood Mills, Inc. 401(k) Plan Facts (plan year 2016)

Plan name
GREENWOOD MILLS, INC. THRIFT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GREENWOOD MILLS, INC.
Participants
332 (337 active employees)
Former employees with a balance
12
Plan assets
$12,534,322 at Dec 31, 2016
Average account balance
$69,250 across 181 accounts
Employer contributions
$206,522 in plan year 2016 (31% of all contributions)
Plan year
Jan 1, 2016 – Dec 31, 2016
Plan established
Dec 30, 1984
✓ 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 2016 (Jan 1, 2016 – Dec 31, 2016), filed Sep 28, 2017. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2016

  • $659,348 went into the plan in contributions, $206,522 of it from the employer (31%).
  • $1.09 million was paid out to participants.
  • Investment and other income added $1.29 million.
  • Administrative expenses were $27,004, about $149 per account.

How the Greenwood Mills, Inc. 401(k) changed, 2011–2016

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2011311$11.1 million$206,682$1.13 million
2012327$12.2 million$199,638$402,417
2013313$12.2 million$190,945$1.98 million
2014294$11.9 million$184,866$1.47 million
2015299$11.7 million$223,128$956,773
2016332$12.5 million$206,522$1.09 million

Greenwood Mills, Inc. 401(k) Contact Information

Phone
864-227-2121
Mailing address
1800 CALHOUN RD, GREENWOOD SC 29649
Plan sponsor
GREENWOOD MILLS, INC.
Employer identification number (EIN)
57-0291301
Plan number
005

Questions about the Greenwood Mills, Inc. 401(k)

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

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2016, and no later filing was found under this employer's EIN.

Does Greenwood Mills, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2016 the employer contributed $206,522, 31% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

332 participants at the start of plan year 2016, 337 of them active employees, and 12 former employees who still had money in the plan.

What is the average 401(k) balance at Greenwood Mills, Inc?

About $69,250 per account: $12.5 million in plan assets across 181 accounts with a balance at the end of plan year 2016.

Who manages the Greenwood Mills, Inc 401(k) accounts?

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

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