Plan Snapshot
- Plan Sponsor: Bay Electric Co., INC.
- Sponsor EIN: 540798874
- Sponsor Address: 627 36TH STREET, NEWPORT NEWS, VA, 23607
- Plan Type: 401(k)
- Total Participants: 10
- Total Assets: $2.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- 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 | 10 | $2.7M | $27,629 | $62,695 |
| 2023 | 7 | $2.4M | $24,420 | $55,068 |
| 2022 | 8 | $2.8M | $27,253 | $61,947 |