Poet, Llc 401(k) Plan (terminated 2019): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2019, when $47.7 million was transferred out of the plan. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Poet, Llc 401(k) Plan Facts (plan year 2019)

Plan name
POET 401(K) PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
POET, LLC
Participants
578
Former employees with a balance
0
Employer contributions
$1,001,724 in plan year 2019 (22% of all contributions)
Recordkeeper
Minnesota Life Insurance Company
Plan year
Jan 1, 2019 – Nov 22, 2019
Plan established
Jan 1, 1994
✓ 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 2019 (Jan 1, 2019 – Nov 22, 2019), filed Sep 11, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $4.66 million went into the plan in contributions, $1.00 million of it from the employer (22%).
  • $3.69 million was paid out to participants.
  • Investment and other income added $7.39 million.

How the Poet, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014430$23.8 million$1.00 million$1.22 million
2015539$26.0 million$1.09 million$2.43 million
2016553$30.5 million$1.07 million$2.38 million
2017566$39.7 million$1.13 million$1.71 million
2018572$39.3 million$1.21 million$2.83 million
2019 (final)578$0$1.00 million$3.69 million

Poet, Llc 401(k) Contact Information

Phone
605-965-2200
Mailing address
4615 NORTH LEWIS AVENUE, SIOUX FALLS SD 57104
Plan sponsor
POET, LLC
Employer identification number (EIN)
20-4218604
Plan number
001

Questions about the Poet, Llc 401(k)

Is the Poet, Llc 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2019.

Does Poet, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $1.00 million, 22% of all contributions.

Does the Poet, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Poet, Llc 401(k) plan?

578 participants at the start of plan year 2019.

Who manages the Poet, Llc 401(k) accounts?

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

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