Multisource Manufacturing, Llc 401(k) Plan: Login, Facts & Contact Information

Multisource Manufacturing, Llc 401(k) Plan Facts

Plan name
MULTISOURCE MANUFACTURING LLC SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MULTISOURCE MANUFACTURING LLC
Participants
390 (252 active employees)
Former employees with a balance
71
Plan assets
$19,616,079 at Dec 31, 2024
Average account balance
$63,689 across 308 accounts
Employer contributions
$429,295 in plan year 2024 (22% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 2001
✓ 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 14, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.92 million went into the plan in contributions, $429,295 of it from the employer (22%).
  • $2.57 million was paid out to participants.
  • Investment and other income added $2.21 million.
  • Administrative expenses were $61,143, about $199 per account.

How the Multisource Manufacturing, Llc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019372$15.5 million$365,428$1.65 million
2020412$16.9 million$179,273$1.83 million
2021348$20.5 million$366,072$866,964
2022375$16.2 million$526,642$3.43 million
2023412$18.1 million$505,074$2.97 million
2024390$19.6 million$429,295$2.57 million

Multisource Manufacturing, Llc 401(k) Contact Information

Phone
952-456-5500
Mailing address
10310 BREN ROAD EAST, MINNETONKA MN 553439048
Plan sponsor
MULTISOURCE MANUFACTURING LLC
Employer identification number (EIN)
41-1924018
Plan number
003

Questions about the Multisource Manufacturing, Llc 401(k)

Does Multisource Manufacturing, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $429,295, 22% of all contributions.

Does the Multisource Manufacturing, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Multisource Manufacturing, Llc 401(k) plan?

390 participants at the start of plan year 2024, 252 of them active employees, and 71 former employees who still had money in the plan.

What is the average 401(k) balance at Multisource Manufacturing, Llc?

About $63,689 per account: $19.6 million in plan assets across 308 accounts with a balance at the end of plan year 2024.

Who manages the Multisource Manufacturing, Llc 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 Multisource Manufacturing, Llc. 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.

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