Skyline Financial Corp. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2017. 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.

Skyline Financial Corp. 401(k) Plan Facts (plan year 2017)

Plan name
SKYLINE FINANCIAL CORP. 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SKYLINE FINANCIAL CORP.
Participants
688 (550 active employees)
Former employees with a balance
58
Plan assets
$9,181,476 at Dec 31, 2017
Average account balance
$33,266 across 276 accounts
Employer contributions
$1,050 in plan year 2017
Plan year
Jan 1, 2017 – Dec 31, 2017
Plan established
Jan 1, 1998
✓ 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 2017 (Jan 1, 2017 – Dec 31, 2017), filed Nov 29, 2018. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2017

  • $2.17 million went into the plan in contributions, $1,050 of it from the employer (0%).
  • $835,860 was paid out to participants.
  • Investment and other income added $1.08 million.
  • Administrative expenses were $19,613, about $71 per account.

How the Skyline Financial Corp. 401(k) changed, 2012–2017

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2012273$2.06 million$83,053$124,545
2013389$3.04 million—$91,127
2014416$3.70 million—$297,447
2015487$4.89 million$16,693$355,316
2016604$6.79 million$128,971$196,221
2017688$9.18 million$1,050$835,860

Skyline Financial Corp. 401(k) Contact Information

Phone
818-995-1700
Mailing address
27001 AGOURA ROAD, STE 350, CALABASAS CA 91301
Plan sponsor
SKYLINE FINANCIAL CORP.
Employer identification number (EIN)
95-3990375
Plan number
001

Questions about the Skyline Financial Corp. 401(k)

Is the Skyline Financial Corp 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2017, and no later filing was found under this employer's EIN.

Does Skyline Financial Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2017 the employer contributed $1,050, 0% of all contributions.

Does the Skyline Financial Corp 401(k) have automatic enrollment?

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

How many people are in the Skyline Financial Corp 401(k) plan?

688 participants at the start of plan year 2017, 550 of them active employees, and 58 former employees who still had money in the plan.

What is the average 401(k) balance at Skyline Financial Corp?

About $33,266 per account: $9.18 million in plan assets across 276 accounts with a balance at the end of plan year 2017.

Who manages the Skyline Financial Corp 401(k) accounts?

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

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