Salson Logistics Inc 401(k) Plan: Login, Facts & Contact Information

Salson Logistics Inc 401(k) Plan Facts

Plan name
SALSON LOGISTICS INC. 401(K) PROFIT SHARING PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SALSON LOGISTICS INC.
Participants
388 (281 active employees)
Former employees with a balance
72
Plan assets
$1,411,547 at Dec 31, 2022
Average account balance
$10,379 across 136 accounts
Recordkeeper
Adp, Inc.
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 2000
✓ 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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 12, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $271,359 went into the plan in contributions.
  • $265,628 was paid out to participants.
  • Administrative expenses were $24,762, about $182 per account.

How the Salson Logistics Inc 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017432$1.02 million—$68,487
2018493$1.15 million—$50,327
2019468$1.47 million$-1,624$94,412
2020351$1.65 million—$229,451
2021361$1.72 million—$335,091
2022388$1.41 million—$265,628

Salson Logistics Inc 401(k) Contact Information

Phone
973-986-0228
Mailing address
888 DOREMUS AVE, NEWARK NJ 07114
Plan sponsor
SALSON LOGISTICS INC.
Employer identification number (EIN)
22-3536377
Plan number
001

Questions about the Salson Logistics Inc 401(k)

Does Salson Logistics Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Salson Logistics Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Salson Logistics Inc 401(k) plan?

388 participants at the start of plan year 2022, 281 of them active employees, and 72 former employees who still had money in the plan.

What is the average 401(k) balance at Salson Logistics Inc?

About $10,379 per account: $1.41 million in plan assets across 136 accounts with a balance at the end of plan year 2022.

Who manages the Salson Logistics Inc 401(k) accounts?

ADP Retirement Services (listed on the filing as ADP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Salson Logistics Inc. How do I access my 401(k)?

Your account stays with ADP Retirement Services 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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