Sam Ash Music Corporation 401(k) Plan: Login, Facts & Contact Information
Sam Ash Music Corporation 401(k) Login
278 former Sam Ash Music Corporation employees still have money in this plan.
Retirement plan providers can change. This information is from the plan's 2023 filing.
Sam Ash Music Corporation 401(k) Plan Facts
Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 16, 2024. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2023
- $1.74 million went into the plan in contributions.
- $3.16 million was paid out to participants.
- Investment and other income added $5.93 million.
- Administrative expenses were $186,409, about $228 per account.
How the Sam Ash Music Corporation 401(k) changed, 2018–2023
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2018 | 1,309 | $31.4 million | — | $1.82 million |
| 2019 | 1,293 | $37.9 million | — | $2.37 million |
| 2020 | 1,261 | $38.1 million | — | $5.22 million |
| 2021 | 1,005 | $42.3 million | — | $2.71 million |
| 2022 | 975 | $35.6 million | $0 | $2.06 million |
| 2023 | 981 | $39.9 million | — | $3.16 million |
Sam Ash Music Corporation 401(k) Contact Information
Questions about the Sam Ash Music Corporation 401(k)
Does Sam Ash Music Corporation contribute to the 401(k)?
The plan does not report an employer matching arrangement on its Form 5500.
Does the Sam Ash Music Corporation 401(k) have automatic enrollment?
Yes. The plan reports automatic enrollment of eligible employees.
How many people are in the Sam Ash Music Corporation 401(k) plan?
981 participants at the start of plan year 2023, 622 of them active employees, and 278 former employees who still had money in the plan.
What is the average 401(k) balance at Sam Ash Music Corporation?
About $48,882 per account: $39.9 million in plan assets across 817 accounts with a balance at the end of plan year 2023.
Who manages the Sam Ash Music Corporation 401(k) accounts?
John Hancock (listed on the filing as JOHN HANCOCK RETIREMENT PLAN SRVCS) is the plan's recordkeeper, which is where participants log in to see their balance.
I no longer work at Sam Ash Music Corporation. How do I access my 401(k)?
Your account stays with John Hancock 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.