# Rite Rug Company, INC. 401(k) Plan
Source: https://planprovider.pro/companies/rite-rug-company-inc-401k-plan

> Rite Rug Company, INC.'s 401(k) plan: 887 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schneider-downs-and-co-inc) — 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|—|—|

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