# Faith Medical Associates, INC. 401(k) Plan
Source: https://planprovider.pro/companies/faith-medical-associates-inc-401k-plan

> Faith Medical Associates, INC.'s 401(k) plan: 25 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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