Kaba Ilco Corporation 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. 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.

Kaba Ilco Corporation 401(k) Plan Facts (plan year 2017)

Plan name
KABA ILCO CORP. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
KABA ILCO CORPORATION
Participants
903 (1,899 active employees)
Former employees with a balance
333
Plan assets
$63,686,128 at Dec 31, 2017
Average account balance
$30,545 across 2,085 accounts
Employer contributions
$1,895,130 in plan year 2017 (10% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 1, 1986
✓ 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 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 15, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $19.2 million went into the plan in contributions, $1.90 million of it from the employer (10%).
  • $3.92 million was paid out to participants.
  • Investment and other income added $5.61 million.
  • Administrative expenses were $134,516, about $65 per account.

How the Kaba Ilco Corporation 401(k) changed, 2012–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2012884$20.0 million$612,700$1.40 million
2013855$23.5 million$592,063$2.70 million
2014848$25.4 million$661,445$1.89 million
2015854$24.6 million$794,296$3.39 million
2016872$26.2 million$812,739$3.27 million
2017903$63.7 million$1.90 million$3.92 million

Kaba Ilco Corporation 401(k) Contact Information

Phone
252-446-3321
Mailing address
PO BOX 2627, ROCKY MOUNT NC 278022627
Plan sponsor
KABA ILCO CORPORATION
Employer identification number (EIN)
06-1565116
Plan number
002

Questions about the Kaba Ilco Corporation 401(k)

Is the Kaba Ilco Corporation 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Kaba Ilco Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $1.90 million, 10% of all contributions.

Does the Kaba Ilco Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Kaba Ilco Corporation 401(k) plan?

903 participants at the start of plan year 2017, 1,899 of them active employees, and 333 former employees who still had money in the plan.

What is the average 401(k) balance at Kaba Ilco Corporation?

About $30,545 per account: $63.7 million in plan assets across 2,085 accounts with a balance at the end of plan year 2017.

Who manages the Kaba Ilco Corporation 401(k) accounts?

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

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