# Rightway Fasteners, INC. 401(k) Plan
Source: https://planprovider.pro/companies/rightway-fasteners-inc-351823403-001

> Rightway Fasteners, INC.'s 401(k) plan: 276 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|

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