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

Kontane, Inc. 401(k) Plan Facts

Plan name
KONTANE LOGISTICS, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
KONTANE LOGISTICS, INC.
Participants
295 (191 active employees)
Former employees with a balance
91
Plan assets
$7,158,557 at Jul 31, 2024
Average account balance
$23,471 across 305 accounts
Employer contributions
$623,857 in plan year 2023 (56% of all contributions)
Plan year
Aug 1, 2023 – Jul 31, 2024
Plan established
Aug 1, 1978
— 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 2023 (Aug 1, 2023 – Jul 31, 2024), filed May 28, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $1.12 million went into the plan in contributions, $623,857 of it from the employer (56%).
  • $856,018 was paid out to participants.
  • Investment and other income added $878,089.
  • Administrative expenses were $36,877, about $121 per account.

How the Kontane, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018218$4.12 million$214,302$232,141
2019247$4.51 million$411,116$710,404
2020287$5.42 million$334,375$736,739
2021314$5.21 million$549,472$704,789
2022263$6.05 million$584,832$575,489
2023295$7.16 million$623,857$856,018

Kontane, Inc. 401(k) Contact Information

Phone
828-397-5501
Mailing address
PO BOX 1702, HICKORY NC 28603
Plan sponsor
KONTANE LOGISTICS, INC.
Employer identification number (EIN)
56-1122243
Plan number
001

Questions about the Kontane, Inc. 401(k)

Does Kontane, Inc contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $623,857 in employer contributions for plan year 2023.

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

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

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

295 participants at the start of plan year 2023, 191 of them active employees, and 91 former employees who still had money in the plan.

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

About $23,471 per account: $7.16 million in plan assets across 305 accounts with a balance at the end of plan year 2023.

Who manages the Kontane, Inc 401(k) accounts?

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

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

Your account stays with John Hancock 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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