Plan Snapshot
- Plan Sponsor: Innovative Machine Corporation
- Sponsor EIN: 631195878
- Sponsor Address: 3959 VALLEY EAST, INDUSTRIAL DRI, BIRMINGHAM, AL, 35217
- Plan Type: 401(k)
- Total Participants: 26
- Total Assets: $3.6M
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 | 26 | $3.6M | $47,343 | $105,955 |
| 2023 | 18 | $3.6M | $33,262 | $106,794 |
| 2022 | 17 | $2.8M | $30,322 | $94,508 |