Sumitomo Electric U.s.a. Holdings Inc. 401(k) Plan: Login, Facts & Contact Information

Sumitomo Electric U.s.a. Holdings Inc. 401(k) Plan Facts

Plan name
SUMITOMO ELECTRIC GROUP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
SUMITOMO ELECTRIC U.S.A HOLDINGS, INC.
Participants
1,548 (1,912 active employees)
Former employees with a balance
514
Plan assets
$246,064,152 at Dec 31, 2024
Average account balance
$111,190 across 2,213 accounts
Employer contributions
$4,633,882 in plan year 2024 (34% of all contributions)
Recordkeeper
Empower Annuity Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1983
✓ 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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $13.8 million went into the plan in contributions, $4.63 million of it from the employer (34%).
  • $25.1 million was paid out to participants.
  • Investment and other income added $24.8 million.
  • Administrative expenses were $241,598, about $109 per account.

How the Sumitomo Electric U.s.a. Holdings Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20191,751$164.0 million$4.20 million$11.5 million
20201,759$186.8 million$3.30 million$14.9 million
20211,686$208.3 million$3.52 million$14.9 million
20221,674$158.1 million$3.10 million$12.7 million
20231,451$177.9 million$4.03 million$17.2 million
20241,548$246.1 million$4.63 million$25.1 million

Sumitomo Electric U.s.a. Holdings Inc. 401(k) Contact Information

Phone
646-640-2495
Mailing address
600 5TH AVENUE18TH FLOOR, NEW YORK NY 10020
Plan sponsor
SUMITOMO ELECTRIC U.S.A HOLDINGS, INC.
Employer identification number (EIN)
56-1646307
Plan number
001

Questions about the Sumitomo Electric U.s.a. Holdings Inc. 401(k)

Does Sumitomo Electric U.s.a. Holdings Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $4.63 million, 34% of all contributions.

Does the Sumitomo Electric U.s.a. Holdings Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Sumitomo Electric U.s.a. Holdings Inc 401(k) plan?

1,548 participants at the start of plan year 2024, 1,912 of them active employees, and 514 former employees who still had money in the plan.

What is the average 401(k) balance at Sumitomo Electric U.s.a. Holdings Inc?

About $111,190 per account: $246.1 million in plan assets across 2,213 accounts with a balance at the end of plan year 2024.

Who manages the Sumitomo Electric U.s.a. Holdings Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Sumitomo Electric U.s.a. Holdings Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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