# Watson Electric Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/watson-electric-company-inc-401k-plan

> Watson Electric Company, INC.'s 401(k) plan: 74 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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