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

Penelope, Inc. 401(k) Plan Facts

Plan name
PENELOPE 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PENELOPE, INC.
Participants
60 (45 active employees)
Plan assets
$1,709,903 at Dec 31, 2024
Average account balance
$48,854 across 35 accounts
Employer contributions
$31,081 in plan year 2024 (39% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 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-SF for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Apr 21, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $79,171 went into the plan in contributions, $31,081 of it from the employer (39%).
  • $22,962 was paid out to participants.
  • Investment and other income added $183,146.

How the Penelope, Inc. 401(k) changed, 2017–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017197$359,298$29,800$0
202088$1.14 million$29,249$-187
202171$1.38 million$32,332$1,945
202275$1.23 million$33,683$14,972
202375$1.47 million$20,946$17,672
202460$1.71 million$31,081$22,962

Penelope, Inc. 401(k) Contact Information

Phone
434-352-0604
Mailing address
286 INDUSTRIAL PARK LANE PO BOX 2104, APPOMATTOX VA 24522
Plan sponsor
PENELOPE, INC.
Employer identification number (EIN)
54-1447484
Plan number
001

Questions about the Penelope, Inc. 401(k)

Does Penelope, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $31,081, 39% of all contributions.

Does the Penelope, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

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

60 participants at the start of plan year 2024, 45 of them active employees.

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

About $48,854 per account: $1.71 million in plan assets across 35 accounts with a balance at the end of plan year 2024.

Who manages the Penelope, Inc 401(k) accounts?

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

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

Your account stays with Ascensus 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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