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: 26
- Total Assets: $2.1M
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 | 26 | $2.1M | $28,920 | $30,977 |
| 2023 | 16 | $2.0M | $32,911 | $23,269 |
| 2022 | 14 | $1.7M | $67,959 | $27,782 |