Peterson American Corporation 401(k) Plan: Login, Facts & Contact Information

Peterson American Corporation 401(k) Plan Facts

Plan name
PETERSON AMERICAN 401(K) SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PETERSON AMERICAN CORPORATION
Participants
303 (168 active employees)
Former employees with a balance
100
Plan assets
$17,211,260 at Dec 31, 2023
Average account balance
$64,462 across 267 accounts
Employer contributions
$124,027 in plan year 2023 (19% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
Plan established
Jan 1, 1987
✓ 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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 14, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $638,739 went into the plan in contributions, $124,027 of it from the employer (19%).
  • $4.66 million was paid out to participants.
  • Investment and other income added $4.03 million.
  • Administrative expenses were $4,408, about $17 per account.

How the Peterson American Corporation 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018484$19.7 million$185,577$1.78 million
2019495$20.7 million$185,465$4.90 million
2020427$21.2 million$137,154$4.43 million
2021369$24.4 million$156,218$1.87 million
2022357$17.3 million$148,877$3.11 million
2023303$17.2 million$124,027$4.66 million

Peterson American Corporation 401(k) Contact Information

Phone
248-799-5400
Mailing address
21200 TELEGRAPH ROAD, SOUTHFIELD MI 48033
Plan sponsor
PETERSON AMERICAN CORPORATION
Employer identification number (EIN)
34-0909874
Plan number
009

Questions about the Peterson American Corporation 401(k)

Does Peterson American Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $124,027, 19% of all contributions.

Does the Peterson American Corporation 401(k) have automatic enrollment?

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

How many people are in the Peterson American Corporation 401(k) plan?

303 participants at the start of plan year 2023, 168 of them active employees, and 100 former employees who still had money in the plan.

What is the average 401(k) balance at Peterson American Corporation?

About $64,462 per account: $17.2 million in plan assets across 267 accounts with a balance at the end of plan year 2023.

Who manages the Peterson American Corporation 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Peterson American Corporation. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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