Retirement plan

THE WAY INTERNATIONAL 401(K) SAVINGS PLAN

Name: THE WAY INTERNATIONAL - THE WAY INTERNATIONAL 401(K) SAVINGS PLAN (2024) Form 5500
Creator: THE WAY INTERNATIONAL
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WAY INTERNATIONAL 401(K) SAVINGS PLAN, THE WAY INTERNATIONAL

THE WAY INTERNATIONALEIN 34-4440110Plan #002PY 2024

19100 EAST SHELBY ROAD PO BOX 328 - NEW KNOXVILLE, OH 45871419-753-1147

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$16.2M

-1.5% from 2023

Total participants

343

+3.0% from 2023

Average account balance

$63,413

+2.4% from 2023

Annual return

15.40%

-3.81 pp from 2023

Benchmarks

See 1,034 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,034 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$16.17M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$63K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

255

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

67.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$540K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.40%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$71

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PLANTE & MORAN, PLLC6 years Filed as: PLANTE & MORAN PLLC Service code 10 1098 WOODWARD AVE · DETROIT, MI 48226	Accounting	$14,500
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS. Service code 25 · EIN 82-4555287	Directed Trustee	$3,671

Plan features & details

Pension benefit codes2E2F2G2J2K2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$18K

$68 / participant

Recordkeeping$4K20.2%
Other / not subdivided$15K79.8%

% of EOY assets

0.112%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE & MORAN
Auditor EIN: 331498605
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$63,413

$66,004-3.9%

$81,820-22.5%

$77,714-18.4%

Participation rate

67.2%

65.8%+1.4pp

72.4%-5.2pp

70.6%-3.4pp

Annual return

15.40%

26.65%-11.3pp

777.93%-762.5pp

31.26%-15.9pp

Employer contribution / active EE

$340

$2,375-85.7%

$2,915-88.3%

$2,727-87.5%

Participant deferral / active EE

$1,676

$3,508-52.2%

$4,323-61.2%

$4,649-63.9%

Admin fee / account holder

$71

$527-86.5%

$7,391-99.0%

$433-83.6%

Provider

Service type

Compensation

PLANTE & MORAN, PLLC6 years

Filed as: PLANTE & MORAN PLLC

Service code 10

1098 WOODWARD AVE · DETROIT, MI 48226

Accounting

$14,500

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SVCS.

Service code 25 · EIN 82-4555287

Directed Trustee

$3,671

THE WAY INTERNATIONAL 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WAY INTERNATIONAL 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion