Pennmark Technologies Corporatio 401(k) Plan (terminated 2022): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2022. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Pennmark Technologies Corporatio 401(k) Plan Facts (plan year 2022)

Plan name
PULVERMAN 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PENNMARK TECHNOLOGIES CORPORATION
Participants
157
Former employees with a balance
0
Employer contributions
$9,665 in plan year 2022 (20% of all contributions)
Recordkeeper
Newport Group, Inc.
Plan year
Jan 1, 2022 – Oct 31, 2022
Plan established
Jan 1, 2012
✓ 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 2022 (Jan 1, 2022 – Oct 31, 2022), filed Feb 28, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $47,262 went into the plan in contributions, $9,665 of it from the employer (20%).
  • $2.56 million was paid out to participants.

How the Pennmark Technologies Corporatio 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017121$1.55 million$35,729$44,398
2018117$1.55 million$36,375$60,470
2019122$1.90 million$40,821$167,408
2020150$2.31 million$50,447$40,261
2021154$2.86 million$52,519$87,282
2022 (final)157$0$9,665$2.56 million

Pennmark Technologies Corporatio 401(k) Contact Information

Phone
570-255-5008
Mailing address
1170 LOWER DEMUNDS RD., DALLAS PA 18612
Plan sponsor
PENNMARK TECHNOLOGIES CORPORATION
Employer identification number (EIN)
23-2827093
Plan number
001

Questions about the Pennmark Technologies Corporatio 401(k)

Is the Pennmark Technologies Corporatio 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2022.

Does Pennmark Technologies Corporatio contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $9,665, 20% of all contributions.

Does the Pennmark Technologies Corporatio 401(k) have automatic enrollment?

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

How many people are in the Pennmark Technologies Corporatio 401(k) plan?

157 participants at the start of plan year 2022.

Who manages the Pennmark Technologies Corporatio 401(k) accounts?

Newport (an Ascensus company) (listed on the filing as NEWPORT GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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