Plan Snapshot
- Plan Sponsor: Penna Powers, INC.
- Sponsor EIN: 870410756
- Sponsor Address: 1706 S. MAJOR STREET, SALT LAKE CITY, UT, 84115
- Plan Type: 401(k)
- Total Participants: 52
- Total Assets: $7.5M
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 | 52 | $7.5M | $128,632 | $306,935 |
| 2023 | 47 | $6.1M | $122,449 | $296,100 |
| 2022 | 49 | $5.9M | $111,704 | $276,715 |