Netco, Inc. 401(k) Plan (terminated 2022): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2022. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Netco, Inc. 401(k) Plan Facts (plan year 2022)

Plan name
NETCO INC ILLINOIS 401(K) PROFIT SHARING PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NETCO INC ILLINOIS
Participants
318
Former employees with a balance
0
Employer contributions
$130,988 in plan year 2022 (33% of all contributions)
Recordkeeper
Paychex, Inc.
Plan year
Jan 1, 2022 – Dec 1, 2022
Plan established
Jul 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 2022 (Jan 1, 2022 – Dec 1, 2022), filed Oct 4, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $400,324 went into the plan in contributions, $130,988 of it from the employer (33%).
  • $10.1 million was paid out to participants.

How the Netco, Inc. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017169$7.30 million$115,328$547,173
2018183$7.22 million$120,641$152,449
2019219$8.41 million$148,809$1.10 million
2020250$10.7 million$206,089$305,841
2021279$12.5 million$305,769$719,748
2022 (final)318$0$130,988$10.1 million

Netco, Inc. 401(k) Contact Information

Phone
312-782-4290
Mailing address
765 ELA ROAD SUITE 302, LAKE ZURICH IL 60047
Plan sponsor
NETCO INC ILLINOIS
Employer identification number (EIN)
36-3550806
Plan number
001

Questions about the Netco, Inc. 401(k)

Is the Netco, Inc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2022.

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

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $130,988, 33% of all contributions.

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

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

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

318 participants at the start of plan year 2022.

Who manages the Netco, Inc 401(k) accounts?

Paychex (listed on the filing as PAYCHEX, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

Related Companies
Headquarter: 205 VAN BUREN STREET, SUITE 420,, HERNDON, VA, 20170
Headquarter: 95 SAWYER ROAD, WALTHAM, MA, 02453
Headquarter: 500 W. MONROE, 43RD FLOOR, CHICAGO, IL, 60661
Headquarter: 2200 PENNSYLVANIA AVE NW STE 800W, WASHINGTON, DC, 200371701
Headquarter: 2244 WALNUT GROVE AVE. PO BOX 800, ROSEMEAD, CA, 917703714