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

Noramco Inc 401(k) Plan Facts

Plan name
NORAMCO, LLC SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
NORAMCO LLC
Participants
609 (389 active employees)
Former employees with a balance
0
Plan assets
$65,950,229 at Dec 31, 2024
Average account balance
$119,910 across 550 accounts
Employer contributions
$2,356,723 in plan year 2024 (30% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 31, 2016
✓ 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 Jul 31, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $7.78 million went into the plan in contributions, $2.36 million of it from the employer (30%).
  • $6.25 million was paid out to participants.
  • Investment and other income added $7.48 million.
  • Administrative expenses were $33,509, about $61 per account.

How the Noramco Inc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019269$18.7 million$2.17 million$2.60 million
2020305$21.7 million$739,687$3.20 million
2021344$34.8 million$1.81 million$2.27 million
2022359$27.8 million$1.57 million$6.31 million
2023350$34.2 million$1.37 million$2.89 million
2024609$66.0 million$2.36 million$6.25 million

Noramco Inc 401(k) Contact Information

Phone
302-888-4424
Mailing address
500 SWEDES LANDING ROAD, WILMINGTON DE 19801
Plan sponsor
NORAMCO LLC
Employer identification number (EIN)
58-1471426
Plan number
001

Questions about the Noramco Inc 401(k)

Does Noramco Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.36 million, 30% of all contributions.

Does the Noramco Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

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

609 participants at the start of plan year 2024, 389 of them active employees.

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

About $119,910 per account: $66.0 million in plan assets across 550 accounts with a balance at the end of plan year 2024.

Who manages the Noramco Inc 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 Noramco Inc. 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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