Plan Snapshot
- Plan Sponsor: Wayside Furniture INC.
- Sponsor EIN: 341490006
- Sponsor Address: 1367 CANTON ROAD, AKRON, OH, 44312
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 141
- Total Assets: $11.0M
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. |
|---|---|---|---|---|
| 2025 | 141 | $11.0M | $0 | $0 |
| 2024 | 132 | $14.4M | $312,613 | $531,707 |
| 2023 | 138 | $12.9M | $336,995 | $531,918 |
| 2022 | 146 | $11.6M | $346,504 | $509,404 |
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 |
|---|---|---|---|---|
| BEACON FINANCIAL GROUP | Other Service Provider | — | $29,504 | $29,504 |
| TRINITY PENSION CONSULTANTS | Recordkeeper | — | $6,345 | $6,345 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $35,849
- Estimated Expense Ratio: 0.326% 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 | $5,825,057 | $3,318 | $7,375 | — | — |
| 2024 | $7,247 | $257 | $6,690 | — | — |
| 2023 | $11,194 | — | $11,194 | — | — |
| 2022 | $3,747 | — | $3,747 | — | — |