Process Technology 401(k) Plan: Login, Facts & Contact Information

Process Technology 401(k) Plan Facts

Plan name
PROCESS TECHNOLOGY INCENTIVE RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
PROCESS TECHNOLOGY
Participants
426 (329 active employees)
Former employees with a balance
61
Plan assets
$23,418,327 at Dec 31, 2024
Average account balance
$84,543 across 277 accounts
Employer contributions
$859,746 in plan year 2024 (43% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Sep 1, 1979
✓ 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 15, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.98 million went into the plan in contributions, $859,746 of it from the employer (43%).
  • $2.17 million was paid out to participants.
  • Investment and other income added $2.63 million.
  • Administrative expenses were $50,835, about $184 per account.

How the Process Technology 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019206$20.8 million$664,804$779,872
2020234$22.9 million$679,617$2.64 million
2021236$24.0 million$625,485$3.53 million
2022260$20.6 million$882,068$1.24 million
2023283$21.0 million$633,456$4.46 million
2024426$23.4 million$859,746$2.17 million

Process Technology 401(k) Contact Information

Phone
440-974-1300
Mailing address
38809 MENTOR AVE, WILLOUGHBY OH 440947932
Plan sponsor
PROCESS TECHNOLOGY
Employer identification number (EIN)
34-1257334
Plan number
002

Questions about the Process Technology 401(k)

Does Process Technology contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $859,746, 43% of all contributions.

Does the Process Technology 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Process Technology 401(k) plan?

426 participants at the start of plan year 2024, 329 of them active employees, and 61 former employees who still had money in the plan.

What is the average 401(k) balance at Process Technology?

About $84,543 per account: $23.4 million in plan assets across 277 accounts with a balance at the end of plan year 2024.

Who manages the Process Technology 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 Technology. 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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