# Innovative Machining INC DB Plan
Source: https://planprovider.pro/companies/innovative-machining-inc-plan-003

> Innovative Machining INC's DB plan: 24 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Innovative Machining INC

- **Sponsor EIN:** 770455336

- **Sponsor Address:** 845 YOSEMITE WAY, MILPITAS, CA, 95035

- **Plan Type:** DB

- **Total Participants:** 24

- **Total Assets:** $3.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|24|$3.0M|$600,000|$0|

| 2023|30|$4.1M|$1.3M|$0|

| 2022|24|$2.9M|$918,000|$0|

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