Michigan Pallet Inc 401(k) Plan: Login, Facts & Contact Information

Michigan Pallet Inc 401(k) Plan Facts

Plan name
MICHIGAN PALLET, INC. 401(K) PLAN
Plan type
401(k) with employer contributions
Plan sponsor
MICHIGAN PALLET, INC.
Participants
206 (155 active employees)
Former employees with a balance
19
Plan assets
$6,228,604 at Dec 31, 2024
Average account balance
$56,114 across 111 accounts
Employer contributions
$64,265 in plan year 2024 (15% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1997
✓ 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 3, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $437,897 went into the plan in contributions, $64,265 of it from the employer (15%).
  • $1.28 million was paid out to participants.
  • Investment and other income added $1.06 million.
  • Administrative expenses were $46,738, about $421 per account.

How the Michigan Pallet Inc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019246$4.14 million$67,422$249,399
2020238$5.05 million$72,501$309,835
2021223$6.12 million$80,300$156,056
2022213$4.81 million$0$345,606
2023213$6.06 million$82,721$204,858
2024206$6.23 million$64,265$1.28 million

Michigan Pallet Inc 401(k) Contact Information

Phone
989-865-9915
Mailing address
1225 N SAGINAW ST, SAINT CHARLES MI 48655
Plan sponsor
MICHIGAN PALLET, INC.
Employer identification number (EIN)
38-2904761
Plan number
001

Questions about the Michigan Pallet Inc 401(k)

Does Michigan Pallet Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $64,265, 15% of all contributions.

Does the Michigan Pallet Inc 401(k) have automatic enrollment?

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

How many people are in the Michigan Pallet Inc 401(k) plan?

206 participants at the start of plan year 2024, 155 of them active employees, and 19 former employees who still had money in the plan.

What is the average 401(k) balance at Michigan Pallet Inc?

About $56,114 per account: $6.23 million in plan assets across 111 accounts with a balance at the end of plan year 2024.

Who manages the Michigan Pallet Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Michigan Pallet 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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