Needham Electric Supply Employees 401k Profit Sharing Retirement Plan

Needham Electric Supply Corp., Canton MA. Employer ID 042275354, plan number 002. Annual reports on file for 2009 to 2016.

Where the money went

Filed 2009-2016Needham Electric Supply Employees 401k Profit Sharing Retirement Plan, Needham Electric Supply Corp.
2016Assets transferred to Wesco Distribution, Inc. Retirement Savings Plan
TodayWesco Distribution, Inc. Retirement Savings Plan still files. Fidelity Investments Institutional keeps the records. That is where to ask.

Records are kept by Fidelity Investments Institutional, per the 2024 filing.

In plan year 2015, 58 people (26% of active participants) left before they were fully vested. Turnover that high can count as a partial plan termination (Revenue Ruling 2007-43), which requires full vesting of employer money for those who left. The plan may argue it was routine turnover. Filing

This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.

Check your years. We show whether the plan merged or moved money while you were there, and draft the letter to the plan that holds it now.

2016: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
2016: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
2016: The employer decided to close the plan.

"Left, still in the plan" counts people who left the employer but still have a benefit in the plan, as reported by the plan.

Plan year	Participants	Left, still in the plan	Source
2009	178	44	Filing
2010	168	33	Filing
2011	178	40	Filing
2012	227	29	Filing
2013	265	53	Filing
2014	281	0	Filing
2015	248	53	Filing
2016	0	0	Filing

Source: U.S. Department of Labor Form 5500 filings. Plan-level facts only; no one's balance. Information only, not legal advice.