Process Equipment, Inc. 401(k) Plan: Login, Facts & Contact Information

Process Equipment, Inc. 401(k) Plan Facts

Plan name
PROCESSBARRON 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PROCESS EQUIPMENT, INC.
Participants
529 (393 active employees)
Former employees with a balance
62
Plan assets
$20,476,556 at Dec 31, 2024
Average account balance
$52,370 across 391 accounts
Employer contributions
$825,767 in plan year 2024 (25% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 16, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.28 million went into the plan in contributions, $825,767 of it from the employer (25%).
  • $2.92 million was paid out to participants.
  • Investment and other income added $2.36 million.
  • Administrative expenses were $44,756, about $114 per account.

How the Process Equipment, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019445$12.5 million$213,208$479,107
2020693$13.3 million$243,212$2.37 million
2021517$15.5 million$260,407$1.35 million
2022596$13.7 million$318,332$1.34 million
2023561$17.9 million$942,993$1.18 million
2024529$20.5 million$825,767$2.92 million

Process Equipment, Inc. 401(k) Contact Information

Phone
205-663-5330
Mailing address
2770 WELBORN STREET, PELHAM AL 351241760
Plan sponsor
PROCESS EQUIPMENT, INC.
Employer identification number (EIN)
63-0799730
Plan number
001

Questions about the Process Equipment, Inc. 401(k)

Does Process Equipment, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $825,767, 25% of all contributions.

Does the Process Equipment, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Process Equipment, Inc 401(k) plan?

529 participants at the start of plan year 2024, 393 of them active employees, and 62 former employees who still had money in the plan.

What is the average 401(k) balance at Process Equipment, Inc?

About $52,370 per account: $20.5 million in plan assets across 391 accounts with a balance at the end of plan year 2024.

Who manages the Process Equipment, 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 Process Equipment, 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.

Related Companies
Headquarter: 7108 - 31ST AVENUE NORTH, MINNEAPOLIS, MN, 55427
Headquarter: 38809 MENTOR AVE, WILLOUGHBY, OH, 440947932
Headquarter: P O BOX 3165, HARRISBURG, PA, 17105
Headquarter: 800 SOUTH SHAMROCK AVE., MONROVIA, CA, 91016
Headquarter: 250 RIVERCHASE PKWY E, 5TH FLOOR, HOOVER, AL, 35244