Cardone Industries, Inc. 401(k) Safe Harbor Plan

Cardone Industries, Inc., Cleveland OH. Employer ID 233000982, plan number 003. Annual reports on file for 2020 to 2024.

Where the money went

Plans that moved money into this one:

Filed 2020-2024Cardone Industries, Inc. 401(k) Safe Harbor Plan, Cardone Industries, Inc.
2024Assets transferred to First Brands Group 401(k) Plan
TodayFirst Brands Group 401(k) 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 2023, active participants fell from 1,014 to 300 (70%), and 365 people left before they were fully vested. When a plan loses about 20% or more of its participants in a year, the IRS presumes a partial plan termination (Revenue Ruling 2007-43). Everyone who left in that period must then be fully vested in the employer's contributions. 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.

2024: Final return: the plan reported that it ended (merged, transferred, or distributed all assets).
2024: At least 25% of plan assets were transferred to another plan this year (merger or spin-off).
2024: The employer adopted a resolution to terminate the plan.

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

Plan year	Participants	Separated, still owed	Source
2020	2,020	766	Filing
2021	1,780	620	Filing
2022	1,593	567	Filing
2023	876	557	Filing
2024	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.