Shaw Development, Llc 401(k) Plan: Login, Facts & Contact Information

Shaw Development, Llc 401(k) Plan Facts

Plan name
SHAW DEVELOPMENT, LLC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SHAW DEVELOPMENT, LLC
Participants
263 (278 active employees)
Former employees with a balance
38
Plan assets
$13,786,883 at Dec 31, 2022
Average account balance
$46,577 across 296 accounts
Employer contributions
$525,702 in plan year 2022 (23% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Oct 29, 2007
✓ 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 2022 (Jan 1, 2022 – Dec 31, 2022), filed Jul 17, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $2.34 million went into the plan in contributions, $525,702 of it from the employer (23%).
  • $693,137 was paid out to participants.
  • Administrative expenses were $63,798, about $216 per account.

How the Shaw Development, Llc 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017181$13.9 million$468,211$404,160
2018195$12.2 million$506,290$2.60 million
2019219$15.2 million$548,957$1.65 million
2020222$13.9 million$280,380$4.54 million
2021199$14.1 million$340,816$2.41 million
2022263$13.8 million$525,702$693,137

Shaw Development, Llc 401(k) Contact Information

Phone
239-405-6131
Mailing address
25190 BERNWOOD DRIVE, BONITA SPRINGS FL 34135
Plan sponsor
SHAW DEVELOPMENT, LLC
Employer identification number (EIN)
11-2062656
Plan number
002

Questions about the Shaw Development, Llc 401(k)

Does Shaw Development, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $525,702, 23% of all contributions.

Does the Shaw Development, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Shaw Development, Llc 401(k) plan?

263 participants at the start of plan year 2022, 278 of them active employees, and 38 former employees who still had money in the plan.

What is the average 401(k) balance at Shaw Development, Llc?

About $46,577 per account: $13.8 million in plan assets across 296 accounts with a balance at the end of plan year 2022.

Who manages the Shaw Development, Llc 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 Shaw Development, Llc. 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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