Plan Snapshot
- Plan Sponsor: Nichols Optical, INC.
- Sponsor EIN: 382466862
- Sponsor Address: 336 WEST FRONT STREET, TRAVERSE CITY, MI, 49684
- Plan Type: 401(k)
- Total Participants: 47
- 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 | 47 | $4.8M | $63,444 | $159,159 |
| 2023 | 29 | $4.6M | $59,376 | $167,126 |
| 2022 | 27 | $3.9M | $50,503 | $150,177 |