Plan Snapshot
- Plan Sponsor: Materials Development Corporation
- Sponsor EIN: 042432841
- Sponsor Address: 10 LOWELL JUNCTION RD, ANDOVER, MA, 01810
- Plan Type: 401(k)
- Total Participants: 19
- Total Assets: $2.9M
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 | 19 | $2.9M | $180,252 | $62,921 |
| 2023 | 14 | $2.9M | $164,431 | $53,130 |
| 2022 | 16 | $2.5M | $158,144 | $62,323 |