Midea America Corporation 401(k) Plan: Login, Facts & Contact Information

Midea America Corporation 401(k) Plan Facts

Plan name
MIDEA AMERICA CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST
Plan type
401(k) and profit sharing
Plan sponsor
MIDEA AMERICA CORPORATION
Participants
349 (335 active employees)
Former employees with a balance
66
Plan assets
$21,095,408 at Dec 31, 2024
Average account balance
$71,510 across 295 accounts
Employer contributions
$1,501,060 in plan year 2024 (26% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 2007
— 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 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $5.83 million went into the plan in contributions, $1.50 million of it from the employer (26%).
  • $4.40 million was paid out to participants.
  • Investment and other income added $2.75 million.
  • Administrative expenses were $56,337, about $191 per account.

How the Midea America Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019153$5.40 million$380,107$315,699
2020151$7.93 million$452,688$523,322
2021156$11.1 million$599,400$230,806
2022196$11.2 million$690,071$762,709
2023285$17.0 million$991,745$1.38 million
2024349$21.1 million$1.50 million$4.40 million

Midea America Corporation 401(k) Contact Information

Phone
586-795-2000
Mailing address
300 KIMBALL DR, PARSIPPANY NJ 070543818
Plan sponsor
MIDEA AMERICA CORPORATION
Employer identification number (EIN)
20-0487988
Plan number
001

Questions about the Midea America Corporation 401(k)

Does Midea America Corporation contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $1.50 million in employer contributions for plan year 2024.

Does the Midea America Corporation 401(k) have automatic enrollment?

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

How many people are in the Midea America Corporation 401(k) plan?

349 participants at the start of plan year 2024, 335 of them active employees, and 66 former employees who still had money in the plan.

What is the average 401(k) balance at Midea America Corporation?

About $71,510 per account: $21.1 million in plan assets across 295 accounts with a balance at the end of plan year 2024.

Who manages the Midea America Corporation 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Midea America Corporation. How do I access my 401(k)?

Your account stays with Principal 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.

Related Companies
Headquarter: 1901 EAST 13TH ST. SUITE 400, CLEVELAND, OH, 44114
Headquarter: 501 NW GRAND BLVD, OKLAHOMA CITY, OK, 73118
Headquarter: 50 BEALE STREET, SUITE 500, SAN FRANCISCO, CA, 94105
Headquarter: 2301 LOU MENK DR, FORT WORTH, TX, 76131
Headquarter: 4000 MERIDIAN BLVD PO BOX 689020, FRANKLIN, TN, 370676325