Onesource Distributors, Llc 401(k) Plan (terminated 2020): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2020, when $38.4 million was transferred out of the plan. Assets moved to the ONESOURCE SUPPLY SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN (sponsored by ONESOURCE SUPPLY SOLUTIONS, LLC). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Onesource Distributors, Llc 401(k) Plan Facts (plan year 2020)

Plan name
ONESOURCE DISTRIBUTORS, LLC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
ONESOURCE DISTRIBUTORS, LLC
Participants
593
Former employees with a balance
0
Employer contributions
$181,210 in plan year 2020 (7% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Jan 1, 1987
✓ 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 Aug 6, 2021. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $2.62 million went into the plan in contributions, $181,210 of it from the employer (7%).
  • $7.62 million was paid out to participants.
  • Investment and other income added $4.93 million.

How the Onesource Distributors, Llc 401(k) changed, 2018–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018573$31.1 million$369,983$4.25 million
2019593$38.6 million$356,983$2.28 million
2020 (final)593$0$181,210$7.62 million

Onesource Distributors, Llc 401(k) Contact Information

Phone
858-597-3656
Mailing address
3951 OCEANIC DR, OCEANSIDE CA 920565846
Plan sponsor
ONESOURCE DISTRIBUTORS, LLC
Employer identification number (EIN)
51-0580609
Plan number
001

Questions about the Onesource Distributors, Llc 401(k)

Is the Onesource Distributors, Llc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the ONESOURCE SUPPLY SOLUTIONS, LLC 401(K) PROFIT SHARING PLAN.

Does Onesource Distributors, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $181,210, 7% of all contributions.

Does the Onesource Distributors, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Onesource Distributors, Llc 401(k) plan?

593 participants at the start of plan year 2020.

Who manages the Onesource Distributors, 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.

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