Penford Corporation 401(k) Plan (terminated 2015): Login, Facts & Contact Information
This plan was terminated. Its final Form 5500 covers plan year 2015, when $49.2 million was transferred out of the plan. Assets moved to the INGREDION INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES (sponsored by INGREDION INCORPORATED). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.
Penford Corporation 401(k) Login
Retirement plan providers can change. This information is from the plan's 2015 filing.
Penford Corporation 401(k) Plan Facts (plan year 2015)
Source: Form 5500 for plan year 2015 (Sep 1, 2015 – Jan 15, 2016), filed Oct 24, 2016. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2015
- $1.23 million went into the plan in contributions, $480,384 of it from the employer (39%).
- $6.14 million was paid out to participants.
How the Penford Corporation 401(k) changed, 2010–2015
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2010 | 396 | $35.8 million | $959,069 | $4.02 million |
| 2011 | 376 | $40.6 million | $1.06 million | $1.82 million |
| 2012 | 424 | $51.6 million | $1.25 million | $1.27 million |
| 2013 | 476 | $57.4 million | $1.30 million | $4.78 million |
| 2014 | 528 | $55.9 million | $1.87 million | $6.17 million |
| 2015 (final) | 504 | $0 | $480,384 | $6.14 million |
Penford Corporation 401(k) Contact Information
Questions about the Penford Corporation 401(k)
Is the Penford Corporation 401(k) plan still active?
No. The plan's final Form 5500 was filed for plan year 2015. Its assets were transferred to the INGREDION INCORPORATED RETIREMENT SAVINGS PLAN FOR HOURLY EMPLOYEES.
Does Penford Corporation contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2015 the employer contributed $480,384, 39% of all contributions.
Does the Penford Corporation 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Penford Corporation 401(k) plan?
504 participants at the start of plan year 2015.
Who manages the Penford Corporation 401(k) accounts?
Milliman is the plan's recordkeeper, which is where participants log in to see their balance.