# Simonds Machinery Company 401(k) Plan
Source: https://planprovider.pro/companies/simonds-machinery-company-401k-plan

> Simonds Machinery Company's 401(k) plan: 8 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Simonds Machinery Company

- **Sponsor EIN:** 940870490

- **Sponsor Address:** 259 HARBOR WAY, SOUTH SAN FRANCISCO, CA, 940806811

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

- **Total Participants:** 8

- **Total Assets:** $4.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|8|$4.1M|$155,845|$110,982|

| 2023|9|$3.4M|$115,818|$115,757|

| 2022|9|$2.7M|$95,428|$109,559|

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