# Converge Networks Corporation 401(k) Plan
Source: https://planprovider.pro/companies/converge-networks-corporation-401k-plan

> Converge Networks Corporation's 401(k) plan: 11 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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