Plan Snapshot
- Plan Sponsor: Westmaas Electric Company
- Sponsor EIN: 382270063
- Sponsor Address: 3025 SANGRA AVE SW, GRANDVILLE, MI, 494181153
- Plan Type: 401(k)
- Total Participants: 50
- Total Assets: $2.0M
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 | 50 | $2.0M | $90,616 | $190,954 |
| 2023 | 44 | $1.8M | $0 | $101,275 |
| 2022 | 42 | $1.7M | $0 | $89,417 |