# Materials Development Corporation 401(k) Plan
Source: https://planprovider.pro/companies/materials-development-corporation-401k-plan

> Materials Development Corporation's 401(k) plan: 19 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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