Toyon Research Corporation 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.

Toyon Research Corporation 401(k) Plan Facts (plan year 2021)

Plan name
TOYON RESEARCH CORPORATION EMPLOYEE STOCK OWNERSHIP PLAN
Plan type
401(k) and profit sharing with a company-stock (ESOP) component
Plan sponsor
TOYON RESEARCH CORPORATION
Participants
274 (206 active employees)
Former employees with a balance
51
Plan assets
$120,623,737 at Sep 30, 2022
Average account balance
$458,645 across 263 accounts
Employer contributions
$5,354,897 in plan year 2021 (70% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Oct 1, 2021 – Sep 30, 2022
Plan established
Oct 1, 1980
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 (Oct 1, 2021 – Sep 30, 2022), filed Jul 17, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2021

  • $7.63 million went into the plan in contributions, $5.35 million of it from the employer (70%).
  • $4.19 million was paid out to participants.
  • Administrative expenses were $124,062, about $472 per account.

How the Toyon Research Corporation 401(k) changed, 20162021

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2016164$72.8 million$4.08 million$4.48 million
2017184$82.5 million$3.91 million$2.47 million
2018175$88.1 million$4.53 million$2.69 million
2019207$99.2 million$5.00 million$3.52 million
2020 (final)236$0$3.85 million$2.60 million
2021274$120.6 million$5.35 million$4.19 million

Toyon Research Corporation 401(k) Contact Information

Phone
805-869-1080
Mailing address
6800 CORTONA DRIVE, GOLETA CA 931173021
Plan sponsor
TOYON RESEARCH CORPORATION
Employer identification number (EIN)
95-3526665
Plan number
001

Questions about the Toyon Research Corporation 401(k)

Is the Toyon Research Corporation 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 Toyon Research Corporation contribute to the 401(k)?

The plan does not report an employer matching arrangement on its Form 5500. It did report $5.35 million in employer contributions for plan year 2021.

Does the Toyon Research Corporation 401(k) have automatic enrollment?

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

How many people are in the Toyon Research Corporation 401(k) plan?

274 participants at the start of plan year 2021, 206 of them active employees, and 51 former employees who still had money in the plan.

What is the average 401(k) balance at Toyon Research Corporation?

About $458,645 per account: $120.6 million in plan assets across 263 accounts with a balance at the end of plan year 2021.

Who manages the Toyon Research Corporation 401(k) accounts?

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

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