# Promise Technology, INC. 401(k) Plan
Source: https://planprovider.pro/companies/promise-technology-inc-401k-plan

> Promise Technology, INC.'s 401(k) plan: 11 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Promise Technology, INC.

- **Sponsor EIN:** 770203685

- **Sponsor Address:** 580 COTTONWOOD DRIVE, MILPITAS, CA, 95035

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

- **Total Participants:** 11

- **Total Assets:** $9.3M

## 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|11|$9.3M|$0|$51,870|

| 2023|11|$8.6M|$0|$48,663|

| 2022|11|$8.0M|$0|$52,271|

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