Plan Snapshot
- Plan Sponsor: Shah Business Development Corporation
- Sponsor EIN: 411929531
- Sponsor Address: 414 GATEWAY BLVD, BURNSVILLE, MN, 55337
- Plan Type: 401(k)
- Total Participants: 16
- Total Assets: $1.3M
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 | 16 | $1.3M | $29,477 | $117,544 |
| 2023 | 14 | $1.0M | $24,147 | $112,989 |
| 2022 | 18 | $769,761 | $23,952 | $79,872 |