Preferred Freezer Services, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Preferred Freezer Services, Llc 401(k) Plan Facts (plan year 2019)

Plan name
THE PREFERRED GROUP 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PREFERRED FREEZER SERVICES, LLC
Participants
2,565 (2,650 active employees)
Former employees with a balance
176
Plan assets
$63,941,895 at Dec 31, 2019
Average account balance
$23,735 across 2,694 accounts
Employer contributions
$2,567,686 in plan year 2019 (23% of all contributions)
Recordkeeper
Massachusetts Mutual Life Ins. Co.
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
May 1, 1993
✓ 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 – Dec 31, 2019), filed Oct 13, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $11.2 million went into the plan in contributions, $2.57 million of it from the employer (23%).
  • $5.45 million was paid out to participants.
  • Investment and other income added $10.7 million.
  • Administrative expenses were $232,712, about $86 per account.

How the Preferred Freezer Services, Llc 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20141,203$22.9 million$656,001$1.24 million
20151,309$25.4 million$788,289$2.12 million
20161,659$32.2 million$1.46 million$1.73 million
20172,041$44.1 million$2.06 million$2.24 million
20182,232$47.8 million$1.94 million$2.96 million
20192,565$63.9 million$2.57 million$5.45 million

Preferred Freezer Services, Llc 401(k) Contact Information

Phone
973-820-4040
Mailing address
ONE MAIN STREET 3RD FLOOR, CHATHAM NJ 07928
Plan sponsor
PREFERRED FREEZER SERVICES, LLC
Employer identification number (EIN)
14-1845704
Plan number
001

Questions about the Preferred Freezer Services, Llc 401(k)

Is the Preferred Freezer Services, Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Preferred Freezer Services, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $2.57 million, 23% of all contributions.

Does the Preferred Freezer Services, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Preferred Freezer Services, Llc 401(k) plan?

2,565 participants at the start of plan year 2019, 2,650 of them active employees, and 176 former employees who still had money in the plan.

What is the average 401(k) balance at Preferred Freezer Services, Llc?

About $23,735 per account: $63.9 million in plan assets across 2,694 accounts with a balance at the end of plan year 2019.

Who manages the Preferred Freezer Services, Llc 401(k) accounts?

Empower (listed on the filing as MASSACHUSETTS MUTUAL LIFE INS. CO.) is the plan's recordkeeper, which is where participants log in to see their balance.

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