# Traver Electric Motor Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/traver-electric-motor-company-inc-401k-plan

> Traver Electric Motor Company, INC.&#39;s 401(k) plan: 59 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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