Xl Construction Corporation 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.

Xl Construction Corporation 401(k) Plan Facts (plan year 2019)

Plan name
XL CONSTRUCTION CORPORATION 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
XL CONSTRUCTION CORPORATION
Participants
305 (280 active employees)
Former employees with a balance
73
Plan assets
$36,035,887 at Dec 31, 2019
Average account balance
$106,931 across 337 accounts
Employer contributions
$915,516 in plan year 2019 (18% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2019 – Dec 31, 2019
Plan established
Apr 1, 1995
✓ 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 22, 2020. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2019

  • $5.14 million went into the plan in contributions, $915,516 of it from the employer (18%).
  • $2.80 million was paid out to participants.
  • Investment and other income added $5.61 million.
  • Administrative expenses were $82,040, about $243 per account.

How the Xl Construction Corporation 401(k) changed, 2014–2019

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2014160$16.2 million$377,856$391,871
2015178$18.2 million$475,596$865,586
2016229$22.5 million$570,801$858,517
2017268$27.5 million$644,954$1.76 million
2018289$28.2 million$711,246$2.81 million
2019305$36.0 million$915,516$2.80 million

Xl Construction Corporation 401(k) Contact Information

Phone
408-240-6000
Mailing address
851 BUCKEYE COURT, MILPITAS CA 95035
Plan sponsor
XL CONSTRUCTION CORPORATION
Employer identification number (EIN)
77-0307724
Plan number
001

Questions about the Xl Construction Corporation 401(k)

Is the Xl Construction Corporation 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 Xl Construction Corporation contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2019 the employer contributed $915,516, 18% of all contributions.

Does the Xl Construction Corporation 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Xl Construction Corporation 401(k) plan?

305 participants at the start of plan year 2019, 280 of them active employees, and 73 former employees who still had money in the plan.

What is the average 401(k) balance at Xl Construction Corporation?

About $106,931 per account: $36.0 million in plan assets across 337 accounts with a balance at the end of plan year 2019.

Who manages the Xl Construction Corporation 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.

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