# Nichols Optical, INC. 401(k) Plan
Source: https://planprovider.pro/companies/nichols-optical-inc-401k-plan

> Nichols Optical, INC.'s 401(k) plan: 47 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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