# Memsic, INC. 401(k) Plan
Source: https://planprovider.pro/companies/memsic-inc-401k-plan

> Memsic, INC.'s 401(k) plan: 10 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Memsic, INC.

- **Sponsor EIN:** 043457049

- **Sponsor Address:** 2560 N 1ST STREET,, SAN JOSE, CA, 95131

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

- **Total Participants:** 10

- **Total Assets:** $2.1M

## 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|10|$2.1M|$84,364|$217,575|

| 2023|17|$1.5M|$95,528|$277,615|

| 2022|16|$787,458|$87,690|$259,783|

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