Southeast Industrial Equipment, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2021. 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.

Southeast Industrial Equipment, Inc. 401(k) Plan Facts (plan year 2021)

Plan name
SOUTHEAST INDUSTRIAL EQUIPMENT, INC. 401(K) RETIREMENT PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SOUTHEAST INDUSTRIAL EQUIPMENT, INC.
Participants
442 (388 active employees)
Former employees with a balance
77
Plan assets
$21,348,273 at Dec 31, 2021
Average account balance
$46,409 across 460 accounts
Employer contributions
$697,808 in plan year 2021 (25% of all contributions)
Recordkeeper
Great-west Life & Annuity Insurance
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1995
✓ 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 2021 (Jan 1, 2021 – Dec 31, 2021), filed Oct 7, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $2.77 million went into the plan in contributions, $697,808 of it from the employer (25%).
  • $2.62 million was paid out to participants.
  • Investment and other income added $2.36 million.
  • Administrative expenses were $150,678, about $328 per account.

How the Southeast Industrial Equipment, Inc. 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016356$10.1 million$646,910$694,122
2017374$12.3 million$534,315$1.09 million
2018438$11.9 million$497,246$1.44 million
2019407$16.1 million$580,702$544,138
2020444$19.0 million$636,012$1.45 million
2021442$21.3 million$697,808$2.62 million

Southeast Industrial Equipment, Inc. 401(k) Contact Information

Phone
704-971-2749
Mailing address
12200 STEELE CREEK ROAD, CHARLOTTE NC 28273
Plan sponsor
SOUTHEAST INDUSTRIAL EQUIPMENT, INC.
Employer identification number (EIN)
56-1875987
Plan number
001

Questions about the Southeast Industrial Equipment, Inc. 401(k)

Is the Southeast Industrial Equipment, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2021, and no later filing was found under this employer's EIN.

Does Southeast Industrial Equipment, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $697,808, 25% of all contributions.

Does the Southeast Industrial Equipment, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Southeast Industrial Equipment, Inc 401(k) plan?

442 participants at the start of plan year 2021, 388 of them active employees, and 77 former employees who still had money in the plan.

What is the average 401(k) balance at Southeast Industrial Equipment, Inc?

About $46,409 per account: $21.3 million in plan assets across 460 accounts with a balance at the end of plan year 2021.

Who manages the Southeast Industrial Equipment, Inc 401(k) accounts?

Empower (listed on the filing as GREAT-WEST LIFE & ANNUITY INSURANCE) is the plan's recordkeeper, which is where participants log in to see their balance.

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