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

Industrial Fabricators, Inc. 401(k) Plan Facts

Plan name
INDUSTRIAL FABRICATORS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
INDUSTRIAL FABRICATORS, INC.
Participants
902 (371 active employees)
Former employees with a balance
434
Plan assets
$2,149,064 at Dec 31, 2022
Average account balance
$2,877 across 747 accounts
Recordkeeper
Empower Annuity Ins. Co Of America
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 2018
✓ 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 Oct 4, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $658,105 went into the plan in contributions.
  • $566,763 was paid out to participants.
  • Administrative expenses were $16,912, about $23 per account.

How the Industrial Fabricators, Inc. 401(k) changed, 2018–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018526$605,725—$0
2019435$1.58 million—$51,072
2020794$2.10 million—$661,590
2021848$2.50 million—$636,538
2022902$2.15 million—$566,763

Industrial Fabricators, Inc. 401(k) Contact Information

Phone
704-864-3032
Mailing address
4328 S. YORK HIGHWAY, GASTONIA NC 28052
Plan sponsor
INDUSTRIAL FABRICATORS, INC.
Employer identification number (EIN)
56-1879255
Plan number
002

Questions about the Industrial Fabricators, Inc. 401(k)

Does Industrial Fabricators, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

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

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

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

902 participants at the start of plan year 2022, 371 of them active employees, and 434 former employees who still had money in the plan.

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

About $2,877 per account: $2.15 million in plan assets across 747 accounts with a balance at the end of plan year 2022.

Who manages the Industrial Fabricators, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INS. CO OF AMERICA) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Empower 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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