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

Groschopp, Inc. 401(k) Plan Facts

Plan name
GROSCHOPP 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
GROSCHOPP, INC.
Participants
205 (141 active employees)
Former employees with a balance
42
Plan assets
$12,338,914 at Dec 31, 2024
Average account balance
$70,913 across 174 accounts
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 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 Jun 19, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $406,303 went into the plan in contributions.
  • $1.38 million was paid out to participants.
  • Investment and other income added $1.45 million.
  • Administrative expenses were $66,828, about $384 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019214$10.4 million$349,551$618,551
2020211$12.3 million$307,543$740,385
2021196$13.5 million—$1.03 million
2022204$11.0 million—$616,668
2023214$11.9 million—$1.13 million
2024205$12.3 million—$1.38 million

Groschopp, Inc. 401(k) Contact Information

Phone
712-722-4135
Mailing address
420 15TH ST NE, SIOUX CENTER IA 512502115
Plan sponsor
GROSCHOPP, INC.
Employer identification number (EIN)
06-0954740
Plan number
001

Questions about the Groschopp, Inc. 401(k)

Does Groschopp, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

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

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

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

205 participants at the start of plan year 2024, 141 of them active employees, and 42 former employees who still had money in the plan.

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

About $70,913 per account: $12.3 million in plan assets across 174 accounts with a balance at the end of plan year 2024.

Who manages the Groschopp, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Principal 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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