Plan Snapshot
- Plan Sponsor: Innovation Labs INC.
- Sponsor EIN: 832742812
- Sponsor Address: 1111 MACARTHUR BLVD, MAHWAH, NJ, 07430
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $4.4M
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 | 160 | $4.4M | $492,402 | $1.0M |
| 2023 | 134 | $2.9M | $323,804 | $756,777 |
| 2022 | 75 | $1.2M | $154,354 | $385,387 |