Stark Tech Group 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.

Stark Tech Group 401(k) Plan Facts (plan year 2021)

Plan name
STARK TECH GROUP 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
STARK TECH GROUP
Participants
460 (444 active employees)
Former employees with a balance
72
Plan assets
$46,511,050 at Dec 31, 2021
Average account balance
$116,569 across 399 accounts
Employer contributions
$582,937 in plan year 2021 (15% of all contributions)
Recordkeeper
Capital Group Retirement Services
Plan year
Jan 1, 2021 – Dec 31, 2021
Plan established
Jan 1, 1994
✓ 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 17, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $3.85 million went into the plan in contributions, $582,937 of it from the employer (15%).
  • $2.61 million was paid out to participants.
  • Investment and other income added $5.69 million.
  • Administrative expenses were $99,716, about $250 per account.

How the Stark Tech Group 401(k) changed, 2016–2021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201690$6.18 million$267,670$125,680
2017117$8.51 million$150,658$3,098
2018141$9.25 million$206,216$298,638
2019212$18.9 million$470,917$2.74 million
2020420$31.2 million$521,042$867,384
2021460$46.5 million$582,937$2.61 million

Stark Tech Group 401(k) Contact Information

Phone
716-693-4490
Mailing address
95 STARK STREET, TONAWANDA NY 14150
Plan sponsor
STARK TECH GROUP
Employer identification number (EIN)
16-1364177
Plan number
001

Questions about the Stark Tech Group 401(k)

Is the Stark Tech Group 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 Stark Tech Group contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2021 the employer contributed $582,937, 15% of all contributions.

Does the Stark Tech Group 401(k) have automatic enrollment?

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

How many people are in the Stark Tech Group 401(k) plan?

460 participants at the start of plan year 2021, 444 of them active employees, and 72 former employees who still had money in the plan.

What is the average 401(k) balance at Stark Tech Group?

About $116,569 per account: $46.5 million in plan assets across 399 accounts with a balance at the end of plan year 2021.

Who manages the Stark Tech Group 401(k) accounts?

Capital Group / American Funds (listed on the filing as CAPITAL GROUP RETIREMENT SERVICES) is the plan's recordkeeper, which is where participants log in to see their balance.

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