Plan Snapshot
- Plan Sponsor: Bestway Motor Lines, INC.
- Sponsor EIN: 340936516
- Sponsor Address: 14020 U.S. HWY 20A, MONTPELIER, OH, 435439710
- Plan Type: 401(k)
- Total Participants: 113
- Total Assets: $7.1M
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 | 113 | $7.1M | $84,607 | $261,075 |
| 2023 | 94 | $6.2M | $85,894 | $239,087 |
| 2022 | 102 | $5.3M | $89,200 | $253,258 |
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 |
|---|---|---|---|---|
| REHMANN, LLC | NONE | $22,756 | — | $22,756 |
| REHMANN ROBSON, LLC | Auditor | $22,756 | — | $22,756 |
| CAPFINANCIAL PARTNERS, LLC | NONE | $17,930 | — | $17,930 |
| USI CONSULTING GROUP, INC. | NONE | $17,535 | — | $17,535 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,977
- Estimated Expense Ratio: 1.133% 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 | $59,949 | $17,930 | — | $22,756 | — |
| 2023 | $60,299 | $17,579 | — | $20,104 | — |
| 2022 | $59,269 | $20,559 | $19,075 | — | $19,635 |