Plan Snapshot
- Plan Sponsor: Air-Way Manufacturing Company
- Sponsor EIN: 381599388
- Sponsor Address: 586 NORTH MAIN STREET, OLIVET, MI, 49076
- Plan Type: 401(k)
- Plan Number: 003
- Total Participants: 255
- Total Assets: $17.3M
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 | 255 | $17.3M | $0 | $505,848 |
| 2023 | 320 | $15.6M | $0 | $601,509 |
| 2022 | 307 | $13.9M | $214,297 | $581,546 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SENTINEL BENEFITS GROUP, LLC | Recordkeeper | $34,360 | — | $34,360 |
| SENTINEL PENSION ADVISORS | Recordkeeper | $20,000 | — | $20,000 |
| FIDELITY PERSONAL TRUST COMPANY | Other Service Provider | $5,979 | — | $5,979 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SENTINEL BENEFITS GROUP, LLC — Recordkeeper
- SENTINEL PENSION ADVISORS — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $60,339
- Estimated Expense Ratio: 0.348% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $60,339 | $20,000 | — | — | — |
| 2023 | $55,033 | $20,000 | — | — | — |
| 2022 | $49,887 | $20,000 | — | — | $29,887 |