Plan Snapshot
- Plan Sponsor: Watson Electric Company, INC.
- Sponsor EIN: 560813450
- Sponsor Address: PO BOX 467, HUNTERSVILLE, NC, 28070
- Plan Type: 401(k)
- Total Participants: 74
- Total Assets: $4.9M
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 | 74 | $4.9M | $96,273 | $146,830 |
| 2023 | 78 | $4.5M | $70,914 | $102,709 |
| 2022 | 79 | $3.9M | $80,179 | $114,697 |