Plan Snapshot
- Plan Sponsor: The Way International
- Sponsor EIN: 344440110
- Sponsor Address: 19100 EAST SHELBY ROAD PO BOX 328, NEW KNOXVILLE, OH, 45871
- Plan Type: 401(k)
- Total Participants: 268
- Total Assets: $16.2M
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 | 268 | $16.2M | $91,168 | $449,203 |
| 2023 | 254 | $16.4M | $302,359 | $480,432 |
| 2022 | 253 | $14.2M | $283,419 | $410,898 |
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 |
|---|---|---|---|---|
| PLANTE & MORAN | 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 | $18,171 | — | — | — | — |
| 2023 | $17,033 | — | — | — | — |
| 2022 | $13,750 | — | $13,750 | — | — |