Plan Snapshot
- Plan Sponsor: Wayside Furniture INC.
- Sponsor EIN: 341490006
- Sponsor Address: 1367 CANTON ROAD, AKRON, OH, 44312
- Plan Type: 401(k)
- Total Participants: 132
- Total Assets: $14.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- 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. |
|---|---|---|---|---|
| 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 | SERVICE PROVIDER | — | $31,325 | $31,325 |
| TRINITY PENSION CONSULTANTS | TPA | $250 | $6,562 | $6,812 |
| CBIZ CPAS P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BEACON FINANCIAL GROUP — SERVICE PROVIDER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,137
- Estimated Expense Ratio: 0.265% 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 | $7,247 | $257 | $6,690 | — | — |
| 2023 | $11,194 | — | $11,194 | — | — |
| 2022 | $3,747 | — | $3,747 | — | — |