Plan Snapshot
- Plan Sponsor: Ferronix, INC.
- Sponsor EIN: 352140443
- Sponsor Address: 4220 EDISON LAKES PARKWAY,, MISHAWAKA, IN, 46545
- Plan Type: 401(k)
- Total Participants: 35
- Total Assets: $2.4M
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 | 35 | $2.4M | $0 | $226,983 |
| 2023 | 41 | $1.9M | $0 | $258,800 |
| 2022 | 34 | $1.3M | $0 | $225,040 |