Plan Snapshot
- Plan Sponsor: Magic Coil Products
- Sponsor EIN: 300117461
- Sponsor Address: 4143 COUNTY RD 61, BUTLER, IN, 46721
- Plan Type: 401(k)
- Total Participants: 54
- Total Assets: $6.6M
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 | 54 | $6.6M | $131,435 | $293,788 |
| 2023 | 46 | $5.3M | $120,113 | $249,562 |
| 2022 | 47 | $4.2M | $117,232 | $222,445 |