Wells Concrete Products Company 401(k) Plan (terminated 2018): Login, Facts & Contact Information

Plan terminated

This plan was terminated. Its final Form 5500 covers plan year 2018, when $7.95 million was transferred out of the plan. If you had an account, your balance was transferred or paid out; Beagle can help you find where it went.

Wells Concrete Products Company 401(k) Plan Facts (plan year 2018)

Plan name
WELLS CONCRETE LABORERS UNION SUPPLEMENTAL RETIREMENT PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
WELLS CONCRETE PRODUCTS COMPANY
Participants
147
Former employees with a balance
0
Employer contributions
$52,478 in plan year 2018 (55% of all contributions)
Plan year
May 1, 2018 – Jul 31, 2018
Plan established
May 1, 1988
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 2018 (May 1, 2018 – Jul 31, 2018), filed May 14, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $94,991 went into the plan in contributions, $52,478 of it from the employer (55%).
  • $137,462 was paid out to participants.
  • Investment and other income added $234,441.

How the Wells Concrete Products Company 401(k) changed, 20132018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013140$6.84 million$208,278$466,444
2014205$7.32 million$224,894$424,968
2015158$7.25 million$202,796$345,600
2016151$7.82 million$194,901$697,056
2017147$7.76 million$193,773$1.27 million
2018 (final)147$0$52,478$137,462

Wells Concrete Products Company 401(k) Contact Information

Phone
320-845-8525
Mailing address
210 INSPIRATION LANE, ALBANY MN 56307
Plan sponsor
WELLS CONCRETE PRODUCTS COMPANY
Employer identification number (EIN)
41-0778596
Plan number
008

Questions about the Wells Concrete Products Company 401(k)

Is the Wells Concrete Products Company 401(k) plan still active?

No. The plan's final Form 5500 was filed for plan year 2018.

Does Wells Concrete Products Company contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $52,478, 55% of all contributions.

Does the Wells Concrete Products Company 401(k) have automatic enrollment?

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

How many people are in the Wells Concrete Products Company 401(k) plan?

147 participants at the start of plan year 2018.

Who manages the Wells Concrete Products Company 401(k) accounts?

BREMER TRUST, N.A. is the plan's recordkeeper, which is where participants log in to see their balance.

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