# Hansen Marine Engineering, INC. 401(k) Plan
Source: https://planprovider.pro/companies/hansen-marine-engineering-inc-401k-plan

> Hansen Marine Engineering, INC.'s 401(k) plan: 11 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Hansen Marine Engineering, INC.

- **Sponsor EIN:** 042559605

- **Sponsor Address:** 32 TIOGA WAY, MARBLEHEAD, MA, 01945

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

- **Total Participants:** 11

- **Total Assets:** $2.3M

## 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|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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