Openlane 401(k) Plan (terminated 2012): Login, Facts & Contact Information

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Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2012, when $5.26 million was transferred out of the plan. Assets moved to the OPENLANE, INC. 401(K) PLAN (sponsored by OPENLANE, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the OPENLANE, INC. 401(K) PLAN →

Openlane 401(k) Plan Facts (plan year 2012)

Plan name
OPENLANE - 401(K) PROFIT SHARING PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
OPENLANE
Participants
342
Former employees with a balance
0
Plan year
Jan 1, 2012 – May 1, 2012
Plan established
Jan 1, 1999
✓ 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 2012 (Jan 1, 2012 – May 1, 2012), filed Feb 26, 2013. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2012

  • $351,307 was paid out to participants.
  • Investment and other income added $442,891.

How the Openlane 401(k) changed, 2009–2012

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2009265$3.21 million$106,756$197,872
2010267$4.53 million$230,036$285,682
2011320$5.27 million$311,693$448,861
2012 (final)342$0$0$351,307

Openlane 401(k) Contact Information

Phone
650-412-4000
Mailing address
2200 BRIDGE PKWY SUITE 202, REDWOOD CITY CA 94065
Plan sponsor
OPENLANE
Employer identification number (EIN)
86-0879572
Plan number
001

Questions about the Openlane 401(k)

Is the Openlane 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2012. Its assets were transferred to the OPENLANE, INC. 401(K) PLAN.

Does Openlane contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Openlane 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

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

342 participants at the start of plan year 2012.

Who manages the Openlane 401(k) accounts?

Empower is the plan's recordkeeper, which is where participants log in to see their balance.

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