# Alvar, INC. 401(k) Plan
Source: https://planprovider.pro/companies/alvar-inc-401k-plan

> Alvar, INC.'s 401(k) plan: 48 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Alvar, INC.

- **Sponsor EIN:** 371079629

- **Sponsor Address:** 112 STATE RD 89, WASHBURN, IL, 61570

- **Plan Type:** 401(k)

- **Total Participants:** 48

- **Total Assets:** $2.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|48|$2.6M|$55,515|$187,813|

| 2023|42|$2.1M|$0|$22,341|

| 2022|28|$1.7M|$0|$145,305|

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