# Ideal Electric Co., INC. 401(k) Plan
Source: https://planprovider.pro/companies/ideal-electric-co-inc-401k-plan

> Ideal Electric Co., INC.'s 401(k) plan: 23 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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