# Power Source Electric 401(k) Plan
Source: https://planprovider.pro/companies/power-source-electric-401k-plan

> Power Source Electric&#39;s 401(k) plan: 17 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Power Source Electric

- **Sponsor EIN:** 382881066

- **Sponsor Address:** P.O. BOX 148, CLIO, MI, 484200148

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

- **Total Participants:** 17

- **Total Assets:** $1.8M

## 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|17|$1.8M|$64,156|$52,053|

| 2023|15|$1.5M|$8,292|$118,151|

| 2022|12|$1.1M|$19,075|$41,635|

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