Plan Snapshot
- Plan Sponsor: Converge Networks Corporation
- Sponsor EIN: 510420687
- Sponsor Address: 3 BETHESDA METRO CENTER, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 11
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|
| 2024 | 11 | $4.0M | $48,630 | $132,278 |
| 2023 | 11 | $3.8M | $28,487 | $126,187 |
| 2022 | 11 | $3.3M | $37,387 | $165,268 |