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

Phoenix Closures, Inc. 401(k) Plan Facts

Plan name
PHOENIX CLOSURES WEST 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PHOENIX CLOSURES, INC.
Participants
341 (308 active employees)
Former employees with a balance
35
Plan assets
$11,210,018 at Dec 31, 2024
Average account balance
$33,970 across 330 accounts
Employer contributions
$1,686,866 in plan year 2024 (55% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 2000
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 11, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.05 million went into the plan in contributions, $1.69 million of it from the employer (55%).
  • $814,586 was paid out to participants.
  • Investment and other income added $1.11 million.
  • Administrative expenses were $45,352, about $137 per account.

How the Phoenix Closures, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019273$6.58 million$265,658$375,257
2020280$7.53 million$302,971$1.12 million
2021273$8.42 million$295,557$1.05 million
2022297$6.81 million$311,427$1.14 million
2023350$8.05 million$310,607$859,932
2024341$11.2 million$1.69 million$814,586

Phoenix Closures, Inc. 401(k) Contact Information

Phone
630-420-4785
Mailing address
975 MERIDIAN LAKE DRIVE, AURORA IL 60504
Plan sponsor
PHOENIX CLOSURES, INC.
Employer identification number (EIN)
36-2583573
Plan number
003

Questions about the Phoenix Closures, Inc. 401(k)

Does Phoenix Closures, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.69 million, 55% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

341 participants at the start of plan year 2024, 308 of them active employees, and 35 former employees who still had money in the plan.

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

About $33,970 per account: $11.2 million in plan assets across 330 accounts with a balance at the end of plan year 2024.

Who manages the Phoenix Closures, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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

Your account stays with Principal 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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