Plan Snapshot
- Plan Sponsor: Norec, LLC
- Sponsor EIN: 260454969
- Sponsor Address: 30405 SOLON RD., SOLON, OH, 441393432
- Plan Type: 401(k)
- Total Participants: 15
- Total Assets: $4.1M
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 | 15 | $4.1M | $60,861 | $200,275 |
| 2023 | 13 | $3.9M | $68,679 | $212,862 |
| 2022 | 15 | $2.9M | $60,244 | $166,505 |