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

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. 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.

Hissong Group Inc. 401(k) Plan Facts (plan year 2019)

Plan name
HISSONG GROUP, INC. & SUBSIDIARIES 401(K) RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HISSONG GROUP INC.
Participants
150 (143 active employees)
Former employees with a balance
15
Plan assets
$6,491,166 at Dec 31, 2019
Average account balance
$57,957 across 112 accounts
Employer contributions
$182,428 in plan year 2019 (34% of all contributions)
Recordkeeper
Huntington Bank
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 1977
✓ 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 Aug 18, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $543,999 went into the plan in contributions, $182,428 of it from the employer (34%).
  • $320,132 was paid out to participants.
  • Investment and other income added $1.22 million.
  • Administrative expenses were $27,717, about $247 per account.

How the Hissong Group Inc. 401(k) changed, 2016–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016138$3.48 million$114,104$80,027
2017123$4.34 million$140,811$237,692
2018132$5.09 million$158,234$164,556
2019150$6.49 million$182,428$320,132

Hissong Group Inc. 401(k) Contact Information

Phone
330-659-3770
Mailing address
PO BOX 495, RICHFIELD OH 44286
Plan sponsor
HISSONG GROUP INC.
Employer identification number (EIN)
34-1262196
Plan number
002

Questions about the Hissong Group Inc. 401(k)

Is the Hissong Group Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Hissong Group Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $182,428, 34% of all contributions.

Does the Hissong Group Inc 401(k) have automatic enrollment?

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

How many people are in the Hissong Group Inc 401(k) plan?

150 participants at the start of plan year 2019, 143 of them active employees, and 15 former employees who still had money in the plan.

What is the average 401(k) balance at Hissong Group Inc?

About $57,957 per account: $6.49 million in plan assets across 112 accounts with a balance at the end of plan year 2019.

Who manages the Hissong Group Inc 401(k) accounts?

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

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