# Innovative Machine Corporation 401(k) Plan
Source: https://planprovider.pro/companies/innovative-machine-corporation-401k-plan

> Innovative Machine Corporation's 401(k) plan: 26 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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