Highway Equipment Company 401(k) Plan: Login, Facts & Contact Information

Highway Equipment Company 401(k) Plan Facts

Plan name
HIGHWAY EQUIPMENT COMPANY RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HIGHWAY EQUIPMENT COMPANY
Participants
224 (153 active employees)
Former employees with a balance
54
Plan assets
$29,529,127 at Dec 31, 2024
Average account balance
$165,894 across 178 accounts
Employer contributions
$485,314 in plan year 2024 (27% of all contributions)
Recordkeeper
Capital Group Retirement Plan Svcs.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1994
✓ 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

  • $1.83 million went into the plan in contributions, $485,314 of it from the employer (27%).
  • $2.99 million was paid out to participants.
  • Investment and other income added $4.04 million.
  • Administrative expenses were $123,593, about $694 per account.

How the Highway Equipment Company 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019206$16.7 million$180,200$3.58 million
2020193$21.2 million$345,752$1.02 million
2021196$26.8 million$825,008$416,395
2022200$21.9 million$499,185$1.14 million
2023217$26.8 million$534,547$1.61 million
2024224$29.5 million$485,314$2.99 million

Highway Equipment Company 401(k) Contact Information

Phone
319-363-8281
Mailing address
1330 76TH AVENUE SW, CEDAR RAPIDS IA 52404
Plan sponsor
HIGHWAY EQUIPMENT COMPANY
Employer identification number (EIN)
42-1102581
Plan number
003

Questions about the Highway Equipment Company 401(k)

Does Highway Equipment Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $485,314, 27% of all contributions.

Does the Highway Equipment Company 401(k) have automatic enrollment?

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

How many people are in the Highway Equipment Company 401(k) plan?

224 participants at the start of plan year 2024, 153 of them active employees, and 54 former employees who still had money in the plan.

What is the average 401(k) balance at Highway Equipment Company?

About $165,894 per account: $29.5 million in plan assets across 178 accounts with a balance at the end of plan year 2024.

Who manages the Highway Equipment Company 401(k) accounts?

Capital Group / American Funds (listed on the filing as CAPITAL GROUP RETIREMENT PLAN SVCS.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Highway Equipment Company. How do I access my 401(k)?

Your account stays with Capital Group / American Funds 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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