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

Imedia Brands, Inc. 401(k) Plan Facts

Plan name
IMEDIA BRANDS, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions
Plan sponsor
IMEDIA BRANDS, INC.
Participants
1,481 (699 active employees)
Former employees with a balance
602
Plan assets
$40,565,082 at Dec 31, 2022
Average account balance
$30,989 across 1,309 accounts
Employer contributions
$916,704 in plan year 2022 (23% of all contributions)
Recordkeeper
Transamerica Retirement Solutions
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Oct 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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Apr 5, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $4.07 million went into the plan in contributions, $916,704 of it from the employer (23%).
  • $6.02 million was paid out to participants.
  • Administrative expenses were $186,625, about $143 per account.

How the Imedia Brands, Inc. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20171,693$41.5 million$1.35 million$3.65 million
20181,537$41.1 million$1.43 million$2.38 million
20191,470$49.6 million$1.12 million$6.61 million
20201,410$48.1 million$167,033$10.5 million
20211,316$52.0 million$499,071$7.70 million
20221,481$40.6 million$916,704$6.02 million

Imedia Brands, Inc. 401(k) Contact Information

Phone
952-943-6716
Mailing address
6740 SHADY OAK ROAD, EDEN PRAIRIE MN 553443433
Plan sponsor
IMEDIA BRANDS, INC.
Employer identification number (EIN)
41-1673770
Plan number
001

Questions about the Imedia Brands, Inc. 401(k)

Does Imedia Brands, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $916,704, 23% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

1,481 participants at the start of plan year 2022, 699 of them active employees, and 602 former employees who still had money in the plan.

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

About $30,989 per account: $40.6 million in plan assets across 1,309 accounts with a balance at the end of plan year 2022.

Who manages the Imedia Brands, Inc 401(k) accounts?

Transamerica (listed on the filing as TRANSAMERICA RETIREMENT SOLUTIONS) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Transamerica 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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