Peer Bearing Company 401(k) Plan (terminated 2019): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2019, when $21.4 million was transferred out of the plan. Assets moved to the SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN (sponsored by SKF USA INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN →

Peer Bearing Company 401(k) Plan Facts (plan year 2019)

Plan name
PEER BEARING COMPANY EMPLOYEES PROFIT SHARING TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PEER BEARING COMPANY
Participants
168
Former employees with a balance
0
Recordkeeper
Schwab Retirement Plan Services,inc
Plan year
Jan 1, 2019 – Mar 31, 2019
Plan established
Jun 30, 1968
✓ 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 2019 (Jan 1, 2019 – Mar 31, 2019), filed Jan 15, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $496,689 was paid out to participants.
  • Investment and other income added $1.44 million.

How the Peer Bearing Company 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014181$21.6 million$656,334$409,767
2015163$20.4 million$612,906$2.31 million
2016165$20.8 million$629,241$2.50 million
2017186$23.0 million$649,654$2.82 million
2018151$20.5 million$700,376$2.48 million
2019 (final)168$0—$496,689

Peer Bearing Company 401(k) Contact Information

Phone
847-578-1000
Mailing address
2200 NORMAN DRIVE SOUTH, WAUKEGAN IL 60085
Plan sponsor
PEER BEARING COMPANY
Employer identification number (EIN)
36-2530746
Plan number
001

Questions about the Peer Bearing Company 401(k)

Is the Peer Bearing Company 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2019. Its assets were transferred to the SKF USA INC. 401(K) RETIREMENT AND SAVINGS PLAN.

Does Peer Bearing Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Peer Bearing Company 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Peer Bearing Company 401(k) plan?

168 participants at the start of plan year 2019.

Who manages the Peer Bearing Company 401(k) accounts?

Schwab Retirement Plan Services (listed on the filing as SCHWAB RETIREMENT PLAN SERVICES,INC) is the plan's recordkeeper, which is where participants log in to see their balance.

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