Plan Snapshot
- Plan Sponsor: Monarch Knitting Machinery Corporation
- Sponsor EIN: 112030281
- Sponsor Address: P.O. BOX 5009, MONROE, NC, 28111
- Plan Type: 401(k)
- Total Participants: 22
- Total Assets: $4.8M
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 | 22 | $4.8M | $16,260 | $128,034 |
| 2023 | 24 | $5.7M | $16,507 | $140,305 |
| 2022 | 24 | $5.2M | $16,960 | $136,466 |