# Waters Aero-Marine, INC. Dba Penobscot Island Air 401(k) Plan
Source: https://planprovider.pro/companies/waters-aero-marine-inc-dba-penobscot-island-air-401k-plan

> Waters Aero-Marine, INC. Dba Penobscot Island Air's 401(k) plan: 12 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Waters Aero-Marine, INC. Dba Penobscot Island Air

- **Sponsor EIN:** 202017905

- **Sponsor Address:** 45 WHITE PINE ROAD, HERMON, ME, 04401

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

- **Total Participants:** 12

- **Total Assets:** $3.1M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **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|12|$3.1M|$0|$1,928|

| 2023|12|$3.1M|$0|$1,928|

| 2022|12|$824,607|$245|$25,811|

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