Ingles Markets, Incorporated 401(k) Plan: Login, Facts & Contact Information

Ingles Markets, Incorporated 401(k) Plan Facts

Plan name
INGLES MARKETS, INCORPORATED INVESTMENT/PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
INGLES MARKETS, INCORPORATED
Participants
18,050 (18,006 active employees)
Former employees with a balance
431
Plan assets
$196,782,406 at Dec 31, 2024
Average account balance
$45,123 across 4,361 accounts
Employer contributions
$5,829,557 in plan year 2024 (30% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 25, 1972
✓ 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 1, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $19.7 million went into the plan in contributions, $5.83 million of it from the employer (30%).
  • $21.0 million was paid out to participants.
  • Investment and other income added $16.3 million.
  • Administrative expenses were $242,789, about $56 per account.

How the Ingles Markets, Incorporated 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201914,646$139.6 million$2.93 million$7.77 million
202014,648$158.4 million$4.89 million$9.94 million
202114,570$182.2 million$5.17 million$22.0 million
202214,537$161.4 million$5.00 million$16.8 million
202317,514$181.9 million$6.01 million$17.0 million
202418,050$196.8 million$5.83 million$21.0 million

Ingles Markets, Incorporated 401(k) Contact Information

Phone
828-669-2941
Mailing address
2913 HIGHWAY 70 WEST, BLACK MOUNTAIN NC 28711
Plan sponsor
INGLES MARKETS, INCORPORATED
Employer identification number (EIN)
56-0846267
Plan number
001

Questions about the Ingles Markets, Incorporated 401(k)

Does Ingles Markets, Incorporated contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $5.83 million, 30% of all contributions.

Does the Ingles Markets, Incorporated 401(k) have automatic enrollment?

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

How many people are in the Ingles Markets, Incorporated 401(k) plan?

18,050 participants at the start of plan year 2024, 18,006 of them active employees, and 431 former employees who still had money in the plan.

What is the average 401(k) balance at Ingles Markets, Incorporated?

About $45,123 per account: $196.8 million in plan assets across 4,361 accounts with a balance at the end of plan year 2024.

Who manages the Ingles Markets, Incorporated 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 Ingles Markets, Incorporated. 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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