# Bay Electric Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/bay-electric-co-inc-401k-plan-002

> Bay Electric Co., INC.'s 401(k) plan: 26 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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