# Ferronix, INC. 401(k) Plan
Source: https://planprovider.pro/companies/ferronix-inc-401k-plan

> Ferronix, INC.'s 401(k) plan: 35 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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