# Generation Tool, INC. 401(k) Plan
Source: https://planprovider.pro/companies/generation-tool-inc-401k-plan

> Generation Tool, INC.'s 401(k) plan: 3 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Generation Tool, INC.

- **Sponsor EIN:** 383249553

- **Sponsor Address:** 307 MANUFACTURERS DRIVE, WESTLAND, MI, 48186

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

- **Total Participants:** 3

- **Total Assets:** $624,333

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|3|$624,333|$57,775|$34,001|

| 2023|4|$461,470|$76,774|$27,578|

| 2022|3|$339,211|$4,335|$26,911|

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