# Preferred Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/preferred-industries-inc-401k-plan

> Preferred Industries, INC.'s 401(k) plan: 31 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Preferred Industries, INC.

- **Sponsor EIN:** 382153788

- **Sponsor Address:** 11 ASH DRIVE, KIMBALL, MI, 48074

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

- **Total Participants:** 31

- **Total Assets:** $5.7M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|31|$5.7M|$203,525|$73,190|

| 2023|33|$5.0M|$211,543|$80,713|

| 2022|29|$4.6M|$222,450|$78,637|

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