# Noveon Magnetics INC. 401(k) Plan
Source: https://planprovider.pro/companies/noveon-magnetics-inc-401k-plan-001-2599

> Noveon Magnetics 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:** Noveon Magnetics INC.

- **Sponsor EIN:** 472992599

- **Sponsor Address:** 1550 CLOVIS R BARKER ROAD, SAN MARCOS, TX, 786662095

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

- **Total Participants:** 80

- **Total Assets:** $1.5M

## 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|$1.5M|$245,846|$392,299|

| 2023|47|$836,123|$119,970|$250,706|

| 2022|31|$372,876|$72,283|$182,529|

| 2021|16|$215,688|$59,935|$100,221|

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