Plan Snapshot
- Plan Sponsor: Traver Electric Motor Company, INC.
- Sponsor EIN: 060836880
- Sponsor Address: 151 HOMER STREET, WATERBURY, CT, 06704
- Plan Type: 401(k)
- Total Participants: 59
- Total Assets: $8.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- 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 | 59 | $8.4M | $136,763 | $461,784 |
| 2023 | 59 | $7.5M | $125,391 | $462,312 |
| 2022 | 55 | $6.5M | $119,900 | $400,384 |