Plan Snapshot
- Plan Sponsor: Homestead Tool & Machine, INC.
- Sponsor EIN: 382120609
- Sponsor Address: 2618 W. COOLIDGE ROAD, COLEMAN, MI, 48618
- Plan Type: 401(k)
- Total Participants: 28
- Total Assets: $5.7M
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 | 28 | $5.7M | $47,506 | $123,220 |
| 2023 | 23 | $4.9M | $45,605 | $114,820 |
| 2022 | 25 | $4.2M | $46,999 | $108,897 |