# Electrical Motor Repair Co. Of New Jersey 401(k) Plan
Source: https://planprovider.pro/companies/electrical-motor-repair-co-of-new-jersey-401k-plan

> Electrical Motor Repair Co. Of New Jersey&#39;s 401(k) plan: 23 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Electrical Motor Repair Co. Of New Jersey

- **Sponsor EIN:** 221998451

- **Sponsor Address:** 809 EAST STATE STREET, TRENTON, NJ, 08609

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

- **Total Participants:** 23

- **Total Assets:** $8.2M

## 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|23|$8.2M|$217,222|$185,365|

| 2023|20|$7.5M|$181,580|$183,261|

| 2022|20|$6.7M|$187,609|$180,753|

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