Plan Snapshot
- Plan Sponsor: Motor City Electric Co.
- Sponsor EIN: 381405142
- Sponsor Address: 9440 GRINNELL STREET, DETROIT, MI, 482131151
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 221
- Total Assets: $48.1M
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. |
|---|
| 2023 | 221 | $48.1M | $11,540 | $1.9M |
| 2022 | 213 | $41.1M | $13,428 | $1.7M |