# Air-Way Manufacturing Company 401(k) Plan
Source: https://planprovider.pro/companies/air-way-manufacturing-company-381599388-003

> Air-Way Manufacturing Company's 401(k) plan: 255 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sentinel-group) — Recordkeeper

- [SENTINEL PENSION ADVISORS](https://planprovider.pro/provider/sentinel-group) — 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|

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