Plan Snapshot
- Plan Sponsor: Faith Medical Associates, INC.
- Sponsor EIN: 341872786
- Sponsor Address: 11201 SHAKER BLVD, STE 240, CLEVELAND, OH, 44104
- Plan Type: 401(k)
- Total Participants: 25
- 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 | 25 | $8.2M | $25,087 | $116,036 |
| 2023 | 27 | $7.5M | $56,148 | $180,133 |
| 2022 | 21 | $6.2M | $21,469 | $59,635 |