Xerium Technologies, Inc. 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2018. 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.

Xerium Technologies, Inc. 401(k) Plan Facts (plan year 2018)

Plan name
XERIUM TECHNOLOGIES, INC. RETIREMENT SAVINGS PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
XERIUM TECHNOLOGIES, INC.
Participants
526 (422 active employees)
Former employees with a balance
83
Plan assets
$51,591,627 at Dec 31, 2018
Average account balance
$115,160 across 448 accounts
Employer contributions
$1,202,582 in plan year 2018 (28% of all contributions)
Plan year
Jan 1, 2018 – Dec 31, 2018
Plan established
Jan 1, 2000
✓ 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 (Jan 1, 2018 – Dec 31, 2018), filed Oct 10, 2019. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2018

  • $4.31 million went into the plan in contributions, $1.20 million of it from the employer (28%).
  • $6.99 million was paid out to participants.
  • Administrative expenses were $108,576, about $242 per account.

How the Xerium Technologies, Inc. 401(k) changed, 2013–2018

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2013546$45.5 million$1.64 million$4.45 million
2014536$47.7 million$1.15 million$4.79 million
2015538$47.3 million$1.11 million$4.44 million
2016529$51.4 million$1.09 million$8.90 million
2017548$56.9 million$1.17 million$6.33 million
2018526$51.6 million$1.20 million$6.99 million

Xerium Technologies, Inc. 401(k) Contact Information

Phone
919-526-1441
Mailing address
14101 CAPITAL BLVD, YOUNGSVILLE NC 27596
Plan sponsor
XERIUM TECHNOLOGIES, INC.
Employer identification number (EIN)
84-1694102
Plan number
003

Questions about the Xerium Technologies, Inc. 401(k)

Is the Xerium Technologies, Inc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2018, and no later filing was found under this employer's EIN.

Does Xerium Technologies, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2018 the employer contributed $1.20 million, 28% of all contributions.

Does the Xerium Technologies, Inc 401(k) have automatic enrollment?

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

How many people are in the Xerium Technologies, Inc 401(k) plan?

526 participants at the start of plan year 2018, 422 of them active employees, and 83 former employees who still had money in the plan.

What is the average 401(k) balance at Xerium Technologies, Inc?

About $115,160 per account: $51.6 million in plan assets across 448 accounts with a balance at the end of plan year 2018.

Who manages the Xerium Technologies, Inc 401(k) accounts?

ADP Retirement Services is the plan's recordkeeper, which is where participants log in to see their balance.

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