# Teak, INC. 401(k) Plan
Source: https://planprovider.pro/companies/teak-inc-401k-plan

> Teak, INC.&#39;s 401(k) plan: 86 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Teak, INC.

- **Sponsor EIN:** 820448484

- **Sponsor Address:** 27 E FAIRVIEW AVE, MERIDIAN, ID, 83642

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

- **Total Participants:** 86

- **Total Assets:** $8.0M

## 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|86|$8.0M|$30,448|$88,547|

| 2023|59|$6.9M|$37,958|$86,834|

| 2022|52|$5.7M|$37,562|$89,584|

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