# New Innovations, INC. 401(k) Plan
Source: https://planprovider.pro/companies/new-innovations-inc-401k-plan

> New Innovations, INC.'s 401(k) plan: 80 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** New Innovations, INC.

- **Sponsor EIN:** 061667025

- **Sponsor Address:** 3540 FOREST LAKE DRIVE, UNIONTOWN, OH, 44685

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

- **Total Participants:** 80

- **Total Assets:** $7.1M

## 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|80|$7.1M|$257,507|$669,855|

| 2023|82|$5.9M|$256,479|$674,089|

| 2022|77|$4.2M|$185,457|$482,551|

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