# Mgm Transformer Company 401(k) Plan
Source: https://planprovider.pro/companies/mgm-transformer-company-401k-plan

> Mgm Transformer Company's 401(k) plan: 306 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Mgm Transformer Company

- **Sponsor EIN:** 953021610

- **Sponsor Address:** 5701 SMITHWAY ST, CITY OF COMMERCE, CA, 900401507

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

- **Total Participants:** 306

- **Total Assets:** $8.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|306|$8.5M|$315,983|$526,121|

| 2023|51|$5.0M|$150,981|$341,617|

| 2022|39|$4.4M|$0|$299,777|

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