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

Minact, Inc. 401(k) Plan Facts

Plan name
MINACT, INC. RETIREMENT INCOME PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MINACT, INC.
Participants
822 (406 active employees)
Former employees with a balance
304
Plan assets
$11,929,772 at Dec 31, 2023
Average account balance
$22,810 across 523 accounts
Employer contributions
$377,289 in plan year 2023 (33% of all contributions)
Recordkeeper
Merrill Lynch, Pierce, Fenner And S
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1985
✓ 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 (Jan 1, 2023 – Dec 31, 2023), filed Oct 31, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $1.16 million went into the plan in contributions, $377,289 of it from the employer (33%).
  • $2.46 million was paid out to participants.
  • Investment and other income added $1.45 million.
  • Administrative expenses were $35,503, about $68 per account.

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

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018851$15.8 million$634,523$5.79 million
2019741$16.2 million$563,947$3.22 million
2020730$14.5 million$548,741$4.68 million
2021717$14.6 million$481,685$2.66 million
20221,006$11.8 million$444,667$2.44 million
2023822$11.9 million$377,289$2.46 million

Minact, Inc. 401(k) Contact Information

Phone
601-362-1631
Mailing address
5220 KEELE STREET, JACKSON MS 39206
Plan sponsor
MINACT, INC.
Employer identification number (EIN)
64-0609995
Plan number
004

Questions about the Minact, Inc. 401(k)

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

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $377,289, 33% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

822 participants at the start of plan year 2023, 406 of them active employees, and 304 former employees who still had money in the plan.

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

About $22,810 per account: $11.9 million in plan assets across 523 accounts with a balance at the end of plan year 2023.

Who manages the Minact, 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.

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

Your account stays with Merrill Benefits OnLine 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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