Scm Industries, Llc 401(k) Plan (terminated 2020): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2020, when $9.38 million was transferred out of the plan. Assets moved to the CCA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN (sponsored by CCA INDUSTRIES, INC.). If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

See the CCA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN →

Scm Industries, Llc 401(k) Plan Facts (plan year 2020)

Plan name
SCM INDUSTRIES, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SCM INDUSTRIES, LLC
Participants
246
Former employees with a balance
0
Employer contributions
$17,056 in plan year 2020 (21% of all contributions)
Recordkeeper
John Hancock Life Insurance Company
Plan year
Jan 1, 2020 – Feb 29, 2020
Plan established
Jan 1, 2011
✓ 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 2020 (Jan 1, 2020 – Feb 29, 2020), filed Sep 9, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $80,411 went into the plan in contributions, $17,056 of it from the employer (21%).
  • $212,530 was paid out to participants.

How the Scm Industries, Llc 401(k) changed, 2019–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019268$9.59 million$343,241$802,619
2020 (final)246$0$17,056$212,530

Scm Industries, Llc 401(k) Contact Information

Phone
804-518-1555
Mailing address
5850 QUALITY WAY, PRINCE GEORGE VA 23875
Plan sponsor
SCM INDUSTRIES, LLC
Employer identification number (EIN)
84-2123229
Plan number
001

Questions about the Scm Industries, Llc 401(k)

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

No. The plan's final Form 5500 was filed for plan year 2020. Its assets were transferred to the CCA INDUSTRIES, INC. 401(K) PROFIT SHARING PLAN.

Does Scm Industries, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $17,056, 21% of all contributions.

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

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

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

246 participants at the start of plan year 2020.

Who manages the Scm Industries, Llc 401(k) accounts?

John Hancock (listed on the filing as JOHN HANCOCK LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

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