# Maxson Automatic Machinery Company 401(k) Plan
Source: https://planprovider.pro/companies/maxson-automatic-machinery-company-401k-plan

> Maxson Automatic Machinery Company's 401(k) plan: 29 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Maxson Automatic Machinery Company

- **Sponsor EIN:** 050179380

- **Sponsor Address:** 70 AIRPORT ROAD, WESTERLY, RI, 02891

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

- **Total Participants:** 29

- **Total Assets:** $5.6M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|29|$5.6M|$47,103|$158,809|

| 2023|30|$4.6M|$49,470|$184,046|

| 2022|27|$3.7M|$50,888|$166,689|

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