# Farragut Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/farragut-systems-inc-401k-plan

> Farragut Systems, INC.'s 401(k) plan: 41 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Farragut Systems, INC.

- **Sponsor EIN:** 264700241

- **Sponsor Address:** 2775 MERIDIAN PKWY, DURHAM, NC, 277132204

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

- **Total Participants:** 41

- **Total Assets:** $9.8M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|41|$9.8M|$109,025|$522,308|

| 2023|45|$8.4M|$118,488|$594,858|

| 2022|55|$7.4M|$132,337|$587,828|

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