Plan Snapshot
- Plan Sponsor: Melway Group, INC.
- Sponsor EIN: 862314296
- Sponsor Address: 7571 S.R. 83, HOLMESVILLE, OH, 44633
- Plan Type: 401(k)
- Total Participants: 160
- Total Assets: $15.5M
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 | 160 | $15.5M | $718,363 | $785,060 |
| 2023 | 145 | $13.3M | $645,920 | $761,919 |
| 2022 | 155 | $11.1M | $575,340 | $695,286 |
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 |
|---|---|---|---|---|
| MOORE & NEIDENTHAL, INC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $60,292 | — | $58,542 | — | — |
| 2023 | $53,225 | — | $53,225 | — | — |
| 2022 | $49,232 | — | $49,224 | — | — |