# South Beach Shipping, INC. 401(k) Plan
Source: https://planprovider.pro/companies/south-beach-shipping-inc-401k-plan

> South Beach Shipping, INC.'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:** South Beach Shipping, INC.

- **Sponsor EIN:** 472820589

- **Sponsor Address:** 2069 GREY FOX LN., VIRGINIA BEACH, VA, 23456

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

- **Total Participants:** 8

- **Total Assets:** $155,771

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** Yes

- **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|8|$155,771|$1,356|$1,356|

| 2023|5|$132,138|$1,356|$1,356|

| 2022|3|$29,411|$1,853|$7,200|

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