# Innovation Labs INC. 401(k) Plan
Source: https://planprovider.pro/companies/innovation-labs-inc-401k-plan

> Innovation Labs INC.'s 401(k) plan: 160 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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