Samet Corporation 401(k) Plan: Login, Facts & Contact Information

Samet Corporation 401(k) Plan Facts

Plan name
SAMET CORPORATION 401(K) PROFIT SHARING PLAN
Plan type
401(k) and profit sharing
Plan sponsor
SAMET CORPORATION
Participants
637 (553 active employees)
Former employees with a balance
91
Plan assets
$38,841,139 at Dec 31, 2024
Average account balance
$61,849 across 628 accounts
Employer contributions
$1,014,642 in plan year 2024 (16% of all contributions)
Recordkeeper
Principal Life Insurance Co
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
May 30, 1969
— 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 Jul 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $6.24 million went into the plan in contributions, $1.01 million of it from the employer (16%).
  • $5.87 million was paid out to participants.
  • Investment and other income added $4.73 million.
  • Administrative expenses were $92,100, about $147 per account.

How the Samet Corporation 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019239$15.7 million$406,454$2.84 million
2020269$19.9 million$505,520$1.23 million
2021335$26.1 million$615,235$853,057
2022473$25.1 million$824,844$931,769
2023567$34.0 million$1.12 million$2.67 million
2024637$38.8 million$1.01 million$5.87 million

Samet Corporation 401(k) Contact Information

Phone
336-544-2619
Mailing address
309 GALLIMORE DAIRY ROAD SUITE 102, GREENSBORO NC 27409
Plan sponsor
SAMET CORPORATION
Employer identification number (EIN)
56-0794883
Plan number
001

Questions about the Samet Corporation 401(k)

Does Samet Corporation contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $1.01 million in employer contributions for plan year 2024.

Does the Samet Corporation 401(k) have automatic enrollment?

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

How many people are in the Samet Corporation 401(k) plan?

637 participants at the start of plan year 2024, 553 of them active employees, and 91 former employees who still had money in the plan.

What is the average 401(k) balance at Samet Corporation?

About $61,849 per account: $38.8 million in plan assets across 628 accounts with a balance at the end of plan year 2024.

Who manages the Samet Corporation 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE CO) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Samet Corporation. 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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