Plan Snapshot
- Plan Sponsor: Rightway Fasteners, INC.
- Sponsor EIN: 351823403
- Sponsor Address: 7945 SOUTH INTERNATIONAL DRIVE, COLUMBUS, IN, 47201
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 276
- Total Assets: $6.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 276 | $6.5M | $213,697 | $407,894 |
| 2023 | 273 | $6.1M | $205,081 | $411,149 |
| 2022 | 279 | $5.2M | $175,002 | $362,401 |
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 |
|---|---|---|---|---|
| MWG RETIREMENT PLAN SERVICES, LLC | Recordkeeper | $10,248 | — | $10,248 |
| IRONSHORE FINANCIAL, LLC | Investment Advisor | $8,400 | — | $8,400 |
| DYNAMIC PENSION SERVICES, INC. | Recordkeeper | $7,610 | — | $7,610 |
| IME FINANCIAL, LLC | Investment Advisor | $7,488 | — | $7,488 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,746
- Estimated Expense Ratio: 0.516% 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 | $38,585 | — | — | — | — |
| 2023 | $30,362 | — | — | — | — |
| 2022 | $25,236 | — | — | — | $25,186 |