Parker Towing Company, Inc. 401(k) Plan: Login, Facts & Contact Information

Parker Towing Company, Inc. 401(k) Plan Facts

Plan name
PARKER TOWING COMPANY, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PARKER TOWING COMPANY, INC.
Participants
795 (451 active employees)
Former employees with a balance
302
Plan assets
$44,957,783 at Dec 31, 2024
Average account balance
$57,786 across 778 accounts
Employer contributions
$2,250,535 in plan year 2024 (46% of all contributions)
Recordkeeper
John Hancock Life Insurance Co Usa
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 13, 1975
✓ 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 Oct 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $4.87 million went into the plan in contributions, $2.25 million of it from the employer (46%).
  • $4.76 million was paid out to participants.
  • Investment and other income added $4.48 million.
  • Administrative expenses were $8,092, about $10 per account.

How the Parker Towing Company, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019480$34.5 million$1.50 million$4.74 million
2020586$35.2 million$1.46 million$7.10 million
2021610$38.5 million$1.47 million$4.48 million
2022691$33.2 million$3.32 million$5.66 million
2023722$38.4 million$2.34 million$4.07 million
2024795$45.0 million$2.25 million$4.76 million

Parker Towing Company, Inc. 401(k) Contact Information

Phone
205-349-1677
Mailing address
1001 3RD STREET, TUSCALOOSA AL 35476
Plan sponsor
PARKER TOWING COMPANY, INC.
Employer identification number (EIN)
63-0362042
Plan number
002

Questions about the Parker Towing Company, Inc. 401(k)

Does Parker Towing Company, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $2.25 million, 46% of all contributions.

Does the Parker Towing Company, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Parker Towing Company, Inc 401(k) plan?

795 participants at the start of plan year 2024, 451 of them active employees, and 302 former employees who still had money in the plan.

What is the average 401(k) balance at Parker Towing Company, Inc?

About $57,786 per account: $45.0 million in plan assets across 778 accounts with a balance at the end of plan year 2024.

Who manages the Parker Towing Company, Inc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE CO USA) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Parker Towing Company, Inc. How do I access my 401(k)?

Your account stays with John Hancock 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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