Plan Snapshot
- Plan Sponsor: Wayne Tile Co., INC.
- Sponsor EIN: 221716321
- Sponsor Address: 2 DOIG RD, WAYNE, NJ, 07470
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 123
- Total Assets: $23.8M
Key Plan Design Features
- Auto-Enrollment: No
- 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. |
|---|---|---|---|---|
| 2025 | 123 | $23.8M | $0 | $0 |
| 2024 | 114 | $20.9M | $1.2M | $440,063 |
| 2023 | 114 | $18.3M | $545,748 | $0 |
| 2022 | 71 | $12.8M | $538,808 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $30,275 | — | $30,275 |
| ORENDA RETIREMENT LLC | Recordkeeper | $15,800 | $8,002 | $23,802 |
| KEY CLIENT FIDUCIARY ADVISORS | Investment Advisor | — | $21,782 | $21,782 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $75,859
- Estimated Expense Ratio: 0.318% 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 |
|---|---|---|---|---|---|
| 2025 | $835,648 | — | $46,075 | — | — |
| 2024 | $29,794 | — | $29,794 | — | — |
| 2023 | $29,594 | — | — | — | — |
| 2022 | $3,035,042 | — | — | — | — |