# Bearing Service, INC. 401(k) Plan
Source: https://planprovider.pro/companies/bearing-service-inc-401k-plan

> Bearing Service, INC.'s 401(k) plan: 52 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bearing Service, INC.

- **Sponsor EIN:** 381201778

- **Sponsor Address:** 12320 GLOBE, LIVONIA, MI, 48150

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

- **Total Participants:** 52

- **Total Assets:** $13.4M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **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|52|$13.4M|$138,339|$382,561|

| 2023|50|$12.9M|$141,168|$381,629|

| 2022|52|$11.3M|$130,055|$374,473|

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