Sears Contract, Inc. 401(k) Plan: Login, Facts & Contact Information

Sears Contract, Inc. 401(k) Plan Facts

Plan name
SEARS CONTRACT, INC. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SEARS CONTRACT, INC.
Participants
190 (163 active employees)
Former employees with a balance
27
Plan assets
$9,275,527 at Dec 31, 2024
Average account balance
$66,254 across 140 accounts
Employer contributions
$399,618 in plan year 2024 (45% of all contributions)
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1996
✓ 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 Oct 2, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $896,401 went into the plan in contributions, $399,618 of it from the employer (45%).
  • $486,001 was paid out to participants.
  • Investment and other income added $1.20 million.
  • Administrative expenses were $29,963, about $214 per account.

How the Sears Contract, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019243$5.15 million$198,403$183,434
2020239$6.49 million$219,090$267,894
2021216$7.21 million$234,632$783,621
2022207$6.09 million$268,102$263,600
2023161$7.70 million$347,083$283,510
2024190$9.28 million$399,618$486,001

Sears Contract, Inc. 401(k) Contact Information

Phone
919-754-0750
Mailing address
P.O. BOX 33429, RALEIGH NC 276363429
Plan sponsor
SEARS CONTRACT, INC.
Employer identification number (EIN)
56-1909919
Plan number
001

Questions about the Sears Contract, Inc. 401(k)

Does Sears Contract, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $399,618, 45% of all contributions.

Does the Sears Contract, Inc 401(k) have automatic enrollment?

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

How many people are in the Sears Contract, Inc 401(k) plan?

190 participants at the start of plan year 2024, 163 of them active employees, and 27 former employees who still had money in the plan.

What is the average 401(k) balance at Sears Contract, Inc?

About $66,254 per account: $9.28 million in plan assets across 140 accounts with a balance at the end of plan year 2024.

Who manages the Sears Contract, Inc 401(k) accounts?

MVP PLAN ADMINISTRATORS, INC. is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sears Contract, Inc. How do I access my 401(k)?

Your account stays with MVP PLAN ADMINISTRATORS, INC. 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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