# Magness &amp; Sons General Contracting, INC. 401(k) Plan
Source: https://planprovider.pro/companies/magness-sons-general-contracting-inc-401k-plan

> Magness &amp; Sons General Contracting, INC.&#39;s 401(k) plan: 12 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Magness & Sons General Contracting, INC.

- **Sponsor EIN:** 232870793

- **Sponsor Address:** 105 EDGEWOOD AVE, FOLSOM, PA, 19033

- **Plan Type:** 401(k)

- **Total Participants:** 12

- **Total Assets:** $6.2M

## 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|12|$6.2M|$115,290|$107,712|

| 2023|12|$5.8M|$96,129|$109,313|

| 2022|13|$4.8M|$98,286|$141,237|

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