Sigma Electric Manufacturing Corporation 401(k) Plan (terminated 2022): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2022. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Sigma Electric Manufacturing Corporation 401(k) Plan Facts (plan year 2022)

Plan name
SIGMA ELECTRIC MANUFACTURING CORP. EMPLOYEES PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SIGMA ELECTRIC MANUFACTURING CORPORATION
Participants
78
Former employees with a balance
0
Employer contributions
$51,395 in plan year 2022 (30% of all contributions)
Plan year
Apr 1, 2022 – Aug 12, 2022
Plan established
Jan 1, 1993
✓ 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 (Apr 1, 2022 – Aug 12, 2022), filed Jun 15, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $168,821 went into the plan in contributions, $51,395 of it from the employer (30%).
  • $560,853 was paid out to participants.

How the Sigma Electric Manufacturing Corporation 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201769$3.85 million$106,632$1.35 million
201864$4.34 million$107,199$196,749
201958$4.20 million$111,979$110,883
202057$6.43 million$102,980$446,952
202154$6.89 million$158,616$236,023
2022 (final)78$0$51,395$560,853

Sigma Electric Manufacturing Corporation 401(k) Contact Information

Phone
919-773-0011
Mailing address
120 SIGMA DRIVE, GARNER NC 27529
Plan sponsor
SIGMA ELECTRIC MANUFACTURING CORPORATION
Employer identification number (EIN)
72-0926749
Plan number
002

Questions about the Sigma Electric Manufacturing Corporation 401(k)

Is the Sigma Electric Manufacturing Corporation 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2022.

Does Sigma Electric Manufacturing Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $51,395, 30% of all contributions.

Does the Sigma Electric Manufacturing Corporation 401(k) have automatic enrollment?

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

How many people are in the Sigma Electric Manufacturing Corporation 401(k) plan?

78 participants at the start of plan year 2022.

Who manages the Sigma Electric Manufacturing Corporation 401(k) accounts?

Fidelity NetBenefits is the plan's recordkeeper, which is where participants log in to see their balance.

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