National Spinning Co., Inc. 401(k) Plan: Login, Facts & Contact Information

National Spinning Co., Inc. 401(k) Plan Facts

Plan name
NATIONAL SPINNING CO., INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NATIONAL SPINNING CO., INC.
Participants
375 (85 active employees)
Former employees with a balance
123
Plan assets
$7,039,294 at Dec 31, 2024
Average account balance
$40,926 across 172 accounts
Recordkeeper
Ascensus Llc
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1955
✓ 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 7, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $162,624 went into the plan in contributions.
  • $1.62 million was paid out to participants.
  • Investment and other income added $693,909.
  • Administrative expenses were $32,643, about $190 per account.

How the National Spinning Co., Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019529$8.88 million—$548,942
2020452$9.09 million—$1.11 million
2021478$9.62 million—$943,098
2022464$8.03 million—$503,477
2023424$7.83 million—$1.49 million
2024375$7.04 million—$1.62 million

National Spinning Co., Inc. 401(k) Contact Information

Phone
252-975-7110
Mailing address
1481 WEST 2ND ST, WASHINGTON NC 27889
Plan sponsor
NATIONAL SPINNING CO., INC.
Employer identification number (EIN)
11-1117990
Plan number
002

Questions about the National Spinning Co., Inc. 401(k)

Does National Spinning Co., Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the National Spinning Co., Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the National Spinning Co., Inc 401(k) plan?

375 participants at the start of plan year 2024, 85 of them active employees, and 123 former employees who still had money in the plan.

What is the average 401(k) balance at National Spinning Co., Inc?

About $40,926 per account: $7.04 million in plan assets across 172 accounts with a balance at the end of plan year 2024.

Who manages the National Spinning Co., Inc 401(k) accounts?

Ascensus (listed on the filing as ASCENSUS LLC) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Ascensus 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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