# Sommerfield Industries Incorporated 401(k) Plan
Source: https://planprovider.pro/companies/sommerfield-industries-incorporated-401k-plan

> Sommerfield Industries Incorporated's 401(k) plan: 2 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sommerfield Industries Incorporated

- **Sponsor EIN:** 812265429

- **Sponsor Address:** 1658 FM 2239, GIDDINGS, TX, 789425944

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

- **Total Participants:** 2

- **Total Assets:** $757,199

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|2|$757,199|$7,200|$9,000|

| 2023|2|$843,492|$6,900|$8,625|

| 2022|2|$745,332|$9,067|$11,333|

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