Lavalley Building Supply, Inc. 401(k) Plan: Login, Facts & Contact Information

Lavalley Building Supply, Inc. 401(k) Plan Facts

Plan name
LAVALLEY BUILDING SUPPLY PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
HGL-LBM HOLDINGS LLC
Participants
536 (422 active employees)
Former employees with a balance
79
Plan assets
$44,327,757 at Dec 31, 2022
Average account balance
$87,431 across 507 accounts
Employer contributions
$2,104,772 in plan year 2022 (54% of all contributions)
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 30, 1969
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 Sep 29, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $3.92 million went into the plan in contributions, $2.10 million of it from the employer (54%).
  • $2.48 million was paid out to participants.
  • Administrative expenses were $112,674, about $222 per account.

How the Lavalley Building Supply, Inc. 401(k) changed, 20172022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017426$30.8 million$581,496$2.78 million
2018467$29.2 million$621,652$939,825
2019487$35.1 million$660,569$2.37 million
2020497$42.7 million$1.20 million$1.20 million
2021507$50.7 million$1.78 million$2.61 million
2022536$44.3 million$2.10 million$2.48 million

Lavalley Building Supply, Inc. 401(k) Contact Information

Phone
603-863-1050
Mailing address
PO BOX 267, NEWPORT NH 037730267
Plan sponsor
HGL-LBM HOLDINGS LLC
Employer identification number (EIN)
02-0264791
Plan number
001

Questions about the Lavalley Building Supply, Inc. 401(k)

Does Lavalley Building Supply, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $2.10 million, 54% of all contributions.

Does the Lavalley Building Supply, Inc 401(k) have automatic enrollment?

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

How many people are in the Lavalley Building Supply, Inc 401(k) plan?

536 participants at the start of plan year 2022, 422 of them active employees, and 79 former employees who still had money in the plan.

What is the average 401(k) balance at Lavalley Building Supply, Inc?

About $87,431 per account: $44.3 million in plan assets across 507 accounts with a balance at the end of plan year 2022.

Who manages the Lavalley Building Supply, Inc 401(k) accounts?

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

I no longer work at Lavalley Building Supply, 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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