Newton Instrument Company 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Newton Instrument Company 401(k) Plan Facts (plan year 2020)

Plan name
NEWTON INSTRUMENT COMPANY 401(K) RETIREMENT SAVING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NEWTON INSTRUMENT COMPANY
Participants
167 (79 active employees)
Former employees with a balance
32
Plan assets
$12,976,400 at Dec 31, 2020
Average account balance
$124,773 across 104 accounts
Employer contributions
$160,668 in plan year 2020 (41% of all contributions)
Recordkeeper
Wells Fargo Bank, N.a.
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Oct 1, 1983
✓ 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 2020 (Jan 1, 2020 – Dec 31, 2020), filed Dec 6, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $392,280 went into the plan in contributions, $160,668 of it from the employer (41%).
  • $1.05 million was paid out to participants.
  • Investment and other income added $2.53 million.
  • Administrative expenses were $64,985, about $625 per account.

How the Newton Instrument Company 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015157$7.83 million$133,429$936,910
2016157$7.82 million$137,428$738,438
2017157$9.21 million$145,822$512,789
2018160$9.11 million$149,760$230,348
2019160$11.2 million$177,093$327,717
2020167$13.0 million$160,668$1.05 million

Newton Instrument Company 401(k) Contact Information

Phone
919-575-6426
Mailing address
111 EAST A STREET, BUTNER NC 275092426
Plan sponsor
NEWTON INSTRUMENT COMPANY
Employer identification number (EIN)
56-0636072
Plan number
001

Questions about the Newton Instrument Company 401(k)

Is the Newton Instrument Company 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Newton Instrument Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $160,668, 41% of all contributions.

Does the Newton Instrument Company 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Newton Instrument Company 401(k) plan?

167 participants at the start of plan year 2020, 79 of them active employees, and 32 former employees who still had money in the plan.

What is the average 401(k) balance at Newton Instrument Company?

About $124,773 per account: $13.0 million in plan assets across 104 accounts with a balance at the end of plan year 2020.

Who manages the Newton Instrument Company 401(k) accounts?

Principal (listed on the filing as WELLS FARGO BANK, N.A.) is the plan's recordkeeper, which is where participants log in to see their balance.

Related Companies
Headquarter: 1981 MARCUS AVENUE, SUITE 130, LAKE SUCCESS, NY, 11042
Headquarter: 767 SANS SOUCI PARKWAY, HANOVER, PA, 18706
Headquarter: 800 NORTH GLEBE ROAD, ARLINGTON, VA, 22203
Headquarter: 1801 LIND AVENUE SW, RENTON, WA, 98057
Headquarter: 120 TREDEGAR ST, CLEARINGHOUSE 3FL ATTENTION BENEFITS REPORTING, RICHMOND, VA, 232194306