# Magic Coil Products 401(k) Plan
Source: https://planprovider.pro/companies/magic-coil-products-401k-plan

> Magic Coil Products&#39;s 401(k) plan: 54 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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