Plan Snapshot
- Plan Sponsor: The New Method Montclair INC.
- Sponsor EIN: 833651919
- Sponsor Address: 493 BLOOMFIELD AVENUE, 2ND FLOOR, MONTCLAIR, NJ, 07042
- Plan Type: 401(k)
- Total Participants: 2
- Total Assets: $575,255
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 | 2 | $575,255 | $2,000 | $23,000 |
| 2023 | 13 | $480,017 | $0 | $0 |
| 2022 | 2 | $136,631 | $0 | $27,000 |