# Shah Business Development Corporation 401(k) Plan
Source: https://planprovider.pro/companies/shah-corporation-401k-plan

> Shah Business Development Corporation's 401(k) plan: 16 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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