Plan Snapshot
- Plan Sponsor: Hansen Marine Engineering, INC.
- Sponsor EIN: 042559605
- Sponsor Address: 32 TIOGA WAY, MARBLEHEAD, MA, 01945
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 11
- Total Assets: $2.6M
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. |
|---|
| 2025 | 11 | $2.6M | $0 | $0 |
| 2024 | 11 | $2.3M | $15,000 | $43,335 |
| 2023 | 8 | $2.1M | $60,000 | $38,780 |
| 2022 | 9 | $1.8M | $50,000 | $38,360 |
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