Thermal Process Holdings, Inc. 401(k) Plan: Login, Facts & Contact Information

Thermal Process Holdings, Inc. 401(k) Plan Facts

Plan name
THERMAL PROCESS HOLDINGS, INC. 401(K) PLAN & TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
THERMAL PROCESS HOLDINGS, INC.
Participants
205 (156 active employees)
Former employees with a balance
30
Plan assets
$5,830,201 at Dec 31, 2023
Average account balance
$38,357 across 152 accounts
Employer contributions
$305,038 in plan year 2023 (35% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2023 – Dec 31, 2023
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 2023 (Jan 1, 2023 – Dec 31, 2023), filed Oct 15, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $874,304 went into the plan in contributions, $305,038 of it from the employer (35%).
  • $1.47 million was paid out to participants.
  • Investment and other income added $976,585.
  • Administrative expenses were $22,043, about $145 per account.

How the Thermal Process Holdings, Inc. 401(k) changed, 20192023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019132$5.43 million$92,548$824,215
2020213$7.07 million$173,726$396,360
2021190$7.20 million$219,927$1.41 million
2022226$5.47 million$291,678$2.54 million
2023205$5.83 million$305,038$1.47 million

Thermal Process Holdings, Inc. 401(k) Contact Information

Phone
262-475-9491
Mailing address
979 KOOPMAN LANE, ELKHORN WI 53121
Plan sponsor
THERMAL PROCESS HOLDINGS, INC.
Employer identification number (EIN)
82-1526189
Plan number
002

Questions about the Thermal Process Holdings, Inc. 401(k)

Does Thermal Process Holdings, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $305,038, 35% of all contributions.

Does the Thermal Process Holdings, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Thermal Process Holdings, Inc 401(k) plan?

205 participants at the start of plan year 2023, 156 of them active employees, and 30 former employees who still had money in the plan.

What is the average 401(k) balance at Thermal Process Holdings, Inc?

About $38,357 per account: $5.83 million in plan assets across 152 accounts with a balance at the end of plan year 2023.

Who manages the Thermal Process Holdings, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Thermal Process Holdings, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits 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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