Watkins Security Agency Of D.c., Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2019. 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.

Watkins Security Agency Of D.c., Inc. 401(k) Plan Facts (plan year 2019)

Plan name
WATKINS SECURITY AGENCY OF D.C., INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WATKINS SECURITY AGENCY OF D.C., INC.
Participants
132 (97 active employees)
Former employees with a balance
38
Plan assets
$1,200,763 at Dec 31, 2019
Average account balance
$9,381 across 128 accounts
Employer contributions
$634,536 in plan year 2019 (100% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Jan 1, 2015
✓ 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 2019 (Jan 1, 2019 – Dec 31, 2019), filed Oct 16, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $636,962 went into the plan in contributions, $634,536 of it from the employer (100%).
  • $494,236 was paid out to participants.
  • Investment and other income added $168,667.
  • Administrative expenses were $22,416, about $175 per account.

How the Watkins Security Agency Of D.c., Inc. 401(k) changed, 2015–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2015103$292,841$329,866$29,386
2016111$534,757$460,715$240,919
2017125$796,508$520,470$334,887
2018126$911,786$599,359$413,598
2019132$1.20 million$634,536$494,236

Watkins Security Agency Of D.c., Inc. 401(k) Contact Information

Phone
410-523-5080
Mailing address
2901 DRUID PARK DRIVE SUITE A106, BALTIMORE MD 21215
Plan sponsor
WATKINS SECURITY AGENCY OF D.C., INC.
Employer identification number (EIN)
52-1778691
Plan number
001

Questions about the Watkins Security Agency Of D.c., Inc. 401(k)

Is the Watkins Security Agency Of D.c., Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2019, and no later filing was found under this employer's EIN.

Does Watkins Security Agency Of D.c., Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $634,536, 100% of all contributions.

Does the Watkins Security Agency Of D.c., Inc 401(k) have automatic enrollment?

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

How many people are in the Watkins Security Agency Of D.c., Inc 401(k) plan?

132 participants at the start of plan year 2019, 97 of them active employees, and 38 former employees who still had money in the plan.

What is the average 401(k) balance at Watkins Security Agency Of D.c., Inc?

About $9,381 per account: $1.20 million in plan assets across 128 accounts with a balance at the end of plan year 2019.

Who manages the Watkins Security Agency Of D.c., Inc 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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