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

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. 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.

Kenco Group, Inc. 401(k) Plan Facts (plan year 2021)

Plan name
KENCO GROUP, INC. 401(K) EMPLOYEE SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
KENCO GROUP, INC.
Participants
4,323 (4,458 active employees)
Former employees with a balance
1,052
Plan assets
$120,507,245 at Dec 31, 2021
Average account balance
$24,714 across 4,876 accounts
Employer contributions
$4,376,062 in plan year 2021 (31% of all contributions)
Recordkeeper
Merrill Lynch, Pierce, Fenner And S
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1989
✓ 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 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 13, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $14.3 million went into the plan in contributions, $4.38 million of it from the employer (31%).
  • $12.3 million was paid out to participants.
  • Investment and other income added $13.7 million.
  • Administrative expenses were $248,905, about $51 per account.

How the Kenco Group, Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20163,986$77.5 million$3.17 million$8.35 million
20174,045$80.7 million$2.84 million$15.6 million
20183,165$78.1 million$2.64 million$8.21 million
20194,134$95.7 million$3.14 million$7.68 million
20204,429$105.0 million$3.55 million$13.1 million
20214,323$120.5 million$4.38 million$12.3 million

Kenco Group, Inc. 401(k) Contact Information

Phone
423-643-3353
Mailing address
2001 RIVERSIDE DRIVE, CHATTANOOGA TN 37406
Plan sponsor
KENCO GROUP, INC.
Employer identification number (EIN)
62-0799523
Plan number
001

Questions about the Kenco Group, Inc. 401(k)

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

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Kenco Group, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $4.38 million, 31% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

4,323 participants at the start of plan year 2021, 4,458 of them active employees, and 1,052 former employees who still had money in the plan.

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

About $24,714 per account: $120.5 million in plan assets across 4,876 accounts with a balance at the end of plan year 2021.

Who manages the Kenco Group, Inc 401(k) accounts?

Merrill Benefits OnLine (listed on the filing as MERRILL LYNCH, PIERCE, FENNER AND S) is the plan's recordkeeper, which is where participants log in to see their balance.

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