Plan Snapshot
- Plan Sponsor: Ideal Electric Co., INC.
- Sponsor EIN: 260680129
- Sponsor Address: ZERO CENTENNIAL DRIVE, PEABODY, MA, 01960
- Plan Type: 401(k)
- Total Participants: 23
- Total Assets: $3.3M
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 | 23 | $3.3M | $49,149 | $132,444 |
| 2023 | 27 | $2.9M | $53,835 | $135,222 |
| 2022 | 30 | $3.0M | $38,068 | $99,127 |