Search › Boutwell, Owens & Co., Inc.
Boutwell, Owens & Co., Inc. Profit Sharing & 401(k) Plan
Boutwell, Owens & Co., Inc., Fitchburg MA. Employer ID 042882625, plan number 001. Annual reports on file for 2009 to 2021.
Where the money went
- Filed 2009-2021Boutwell, Owens & Co., Inc. Profit Sharing & 401(k) Plan, Boutwell, Owens & Co., Inc.
- EndedBoutwell, Owens & Co., Inc. Profit Sharing & 401(k) Plan ended. Money was paid out, rolled to an IRA, or sent to a state or the PBGC. The distribution records show which.
Records are kept by Great-west Life & Annuity Insurance, per the 2021 filing.
Left in 2019, 2020? Worth asking about employer money
- In plan year 2019, 37 people (28% 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
- In plan year 2020, 28 people (25% 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. A 2021 law (Consolidated Appropriations Act, section 209) can excuse a drop between March 2020 and March 2021 if the plan had rehired enough people by March 31, 2021. Filing
This is a reason to ask the plan, not a finding. The plan decides, and it may show the drop was routine.
Worked here?
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.
Events in the filings
- 2021: The plan filed its last report: it ended, merged into another plan, or paid everyone out.
- 2021: At least a quarter of the plan's money moved to another plan this year, usually in a merger or company split.
- 2021: The employer decided to close the plan.
People in 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 |
|---|---|---|---|
| 2010 | 118 | 23 | Filing |
| 2011 | 125 | 27 | Filing |
| 2012 | 118 | 23 | Filing |
| 2013 | 122 | 32 | Filing |
| 2014 | 130 | 35 | Filing |
| 2015 | 161 | 69 | Filing |
| 2016 | 175 | 74 | Filing |
| 2017 | 176 | 84 | Filing |
| 2018 | 233 | 100 | Filing |
| 2019 | 157 | 44 | Filing |
| 2020 | 145 | 53 | Filing |
| 2021 | 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.