Shaner Operating Corp 401(k) Plan: Login, Facts & Contact Information

Shaner Operating Corp 401(k) Plan Facts

Plan name
SHANER ENTERPRISES 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SHANER OPERATING CORP
Participants
2,023 (1,714 active employees)
Former employees with a balance
199
Plan assets
$29,891,515 at Dec 31, 2024
Average account balance
$31,105 across 961 accounts
Employer contributions
$1 in plan year 2024
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Aug 1, 1990
✓ 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 12, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.96 million went into the plan in contributions, $1 of it from the employer (0%).
  • $3.02 million was paid out to participants.
  • Investment and other income added $3.81 million.
  • Administrative expenses were $153,712, about $160 per account.

How the Shaner Operating Corp 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,639$22.8 million$749,975$1.59 million
20201,718$22.4 million$244$4.73 million
20211,333$25.4 million—$1.90 million
20221,315$22.3 million$543,236$1.48 million
20231,820$26.4 million$867,118$3.02 million
20242,023$29.9 million$1$3.02 million

Shaner Operating Corp 401(k) Contact Information

Phone
814-234-4460
Mailing address
1965 WADDLE RD, STATE COLLEGE PA 168031639
Plan sponsor
SHANER OPERATING CORP
Employer identification number (EIN)
16-1379569
Plan number
001

Questions about the Shaner Operating Corp 401(k)

Does Shaner Operating Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1, 0% of all contributions.

Does the Shaner Operating Corp 401(k) have automatic enrollment?

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

How many people are in the Shaner Operating Corp 401(k) plan?

2,023 participants at the start of plan year 2024, 1,714 of them active employees, and 199 former employees who still had money in the plan.

What is the average 401(k) balance at Shaner Operating Corp?

About $31,105 per account: $29.9 million in plan assets across 961 accounts with a balance at the end of plan year 2024.

Who manages the Shaner Operating Corp 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 Shaner Operating Corp. 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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