Plan Snapshot
- Plan Sponsor: Rite Rug Company, INC.
- Sponsor EIN: 314365448
- Sponsor Address: 4450 POTH ROAD, COLUMBUS, OH, 43213
- Plan Type: 401(k)
- Total Participants: 887
- Total Assets: $18.9M
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 | 887 | $18.9M | $3,466 | $1.5M |
| 2023 | 870 | $16.0M | $6,835 | $1.3M |
| 2022 | 837 | $13.0M | $0 | $1.2M |
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 |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $40,492 | — | $40,492 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $34,701 | — | $34,701 |
| FIFTH THIRD BANK | INVESTMENT ADVISOR | $24,554 | — | $24,554 |
| SCHNEIDER DOWNS & CO, INC | AUDITOR | $16,000 | — | $16,000 |
| SCHNEIDER DOWNS | Auditor | $16,000 | — | $16,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHNEIDER DOWNS — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $131,747
- Estimated Expense Ratio: 0.697% 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 | $115,747 | $65,046 | — | $16,000 | — |
| 2023 | $108,661 | $54,703 | — | $15,000 | — |
| 2022 | $99,347 | — | $99,347 | — | — |