Plan Snapshot
- Plan Sponsor: Merrimac Industrial Sales, INC.
- Sponsor EIN: 042658833
- Sponsor Address: 111 NECK ROAD, HAVERHILL, MA, 01835
- Plan Type: 401(k)
- Total Participants: 48
- Total Assets: $5.0M
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 | 48 | $5.0M | $78,254 | $218,400 |
| 2023 | 50 | $4.2M | $76,635 | $220,497 |
| 2022 | 51 | $3.6M | $78,328 | $231,017 |