Sila Heating And Air Conditioning, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Sila Heating And Air Conditioning, Inc. 401(k) Plan Facts (plan year 2019)

Plan name
SILA HEATING AND AIR CONDITIONING, INC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SILA HEATING AND AIR CONDITIONING, INC.
Participants
322 (215 active employees)
Former employees with a balance
72
Plan assets
$6,672,818 at Dec 31, 2019
Average account balance
$24,353 across 274 accounts
Employer contributions
$149,597 in plan year 2019 (15% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2006
✓ 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 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 14, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $1.02 million went into the plan in contributions, $149,597 of it from the employer (15%).
  • $892,899 was paid out to participants.
  • Investment and other income added $1.27 million.
  • Administrative expenses were $6,810, about $25 per account.

How the Sila Heating And Air Conditioning, Inc. 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014167$2.36 million$60,045$363,710
2015206$3.00 million$90,522$75,026
2016201$4.01 million$93,420$145,315
2017243$5.19 million$100,635$330,234
2018275$5.29 million$98,193$383,665
2019322$6.67 million$149,597$892,899

Sila Heating And Air Conditioning, Inc. 401(k) Contact Information

Phone
610-491-9409
Mailing address
290 HANSEN ACCESS ROAD, KING OF PRUSSIA PA 19406
Plan sponsor
SILA HEATING AND AIR CONDITIONING, INC.
Employer identification number (EIN)
23-2548506
Plan number
001

Questions about the Sila Heating And Air Conditioning, Inc. 401(k)

Is the Sila Heating And Air Conditioning, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Sila Heating And Air Conditioning, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $149,597, 15% of all contributions.

Does the Sila Heating And Air Conditioning, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Sila Heating And Air Conditioning, Inc 401(k) plan?

322 participants at the start of plan year 2019, 215 of them active employees, and 72 former employees who still had money in the plan.

What is the average 401(k) balance at Sila Heating And Air Conditioning, Inc?

About $24,353 per account: $6.67 million in plan assets across 274 accounts with a balance at the end of plan year 2019.

Who manages the Sila Heating And Air Conditioning, Inc 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

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