Sew-eurodrive, Inc. 401(k) Plan: Login, Facts & Contact Information

Sew-eurodrive, Inc. 401(k) Plan Facts

Plan name
SEW-EURODRIVE, INC. PROFIT SHARING/401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SEW-EURODRIVE, INC.
Participants
1,253 (1,062 active employees)
Former employees with a balance
137
Plan assets
$237,973,466 at Dec 31, 2024
Average account balance
$196,348 across 1,212 accounts
Employer contributions
$11,588,107 in plan year 2024 (63% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1979
✓ 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 Aug 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $18.4 million went into the plan in contributions, $11.6 million of it from the employer (63%).
  • $18.6 million was paid out to participants.
  • Investment and other income added $30.5 million.
  • Administrative expenses were $185,122, about $153 per account.

How the Sew-eurodrive, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,031$167.2 million$8.32 million$10.3 million
20201,111$190.4 million$8.03 million$13.5 million
20211,045$210.2 million$9.03 million$18.7 million
20221,104$174.8 million$9.74 million$16.3 million
20231,177$207.9 million$11.0 million$14.7 million
20241,253$238.0 million$11.6 million$18.6 million

Sew-eurodrive, Inc. 401(k) Contact Information

Phone
864-439-8792
Mailing address
1275 OLD SPARTANBURG HWY P.O. BOX 518, LYMAN SC 29365
Plan sponsor
SEW-EURODRIVE, INC.
Employer identification number (EIN)
31-0870891
Plan number
001

Questions about the Sew-eurodrive, Inc. 401(k)

Does Sew-eurodrive, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $11.6 million, 63% of all contributions.

Does the Sew-eurodrive, Inc 401(k) have automatic enrollment?

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

How many people are in the Sew-eurodrive, Inc 401(k) plan?

1,253 participants at the start of plan year 2024, 1,062 of them active employees, and 137 former employees who still had money in the plan.

What is the average 401(k) balance at Sew-eurodrive, Inc?

About $196,348 per account: $238.0 million in plan assets across 1,212 accounts with a balance at the end of plan year 2024.

Who manages the Sew-eurodrive, Inc 401(k) accounts?

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

I no longer work at Sew-eurodrive, Inc. 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.

Related Companies
Headquarter: 1590 DUTCH RD, DIXON, IL, 61021
Headquarter: 1000 SEWON BLVD., LA GRANGE, GA, 30240
Headquarter: 407 EAST 3RD STREET, DULUTH, MN, 55805
Headquarter: 777 EAST WISCONSIN AVENUE, MILWAUKEE, WI, 532025300
Headquarter: 715 KIRK DRIVE, KANSAS CITY, MO, 64105