Railex, Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. 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.

Railex, Llc 401(k) Plan Facts (plan year 2017)

Plan name
RAILEX, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
RAILEX, LLC
Participants
615 (93 active employees)
Former employees with a balance
228
Plan assets
$4,082,795 at Dec 31, 2017
Average account balance
$13,430 across 304 accounts
Employer contributions
$79,543 in plan year 2017 (18% of all contributions)
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Dec 1, 2015
✓ 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 2017 (Jan 1, 2017 – Dec 31, 2017), filed Oct 12, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $442,494 went into the plan in contributions, $79,543 of it from the employer (18%).
  • $2.08 million was paid out to participants.
  • Investment and other income added $744,223.
  • Administrative expenses were $33,393, about $110 per account.

How the Railex, Llc 401(k) changed, 2015–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015531$4.46 million$23,890$5,065
2016788$5.01 million$168,659$638,360
2017615$4.08 million$79,543$2.08 million

Railex, Llc 401(k) Contact Information

Phone
631-591-7000
Mailing address
889 HARRISON AVE, RIVERHEAD NY 11901
Plan sponsor
RAILEX, LLC
Employer identification number (EIN)
20-2313351
Plan number
001

Questions about the Railex, Llc 401(k)

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

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

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

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $79,543, 18% of all contributions.

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

Yes. The plan reports automatic enrollment of eligible employees.

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

615 participants at the start of plan year 2017, 93 of them active employees, and 228 former employees who still had money in the plan.

What is the average 401(k) balance at Railex, Llc?

About $13,430 per account: $4.08 million in plan assets across 304 accounts with a balance at the end of plan year 2017.

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

Principal is the plan's recordkeeper, which is where participants log in to see their balance.

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