Plan Ledger DOL Form 5500 · updated monthly

Air-Way Manufacturing Company401(k)

AIR-WAY GLOBAL MANUFACTURING RETIREMENT AND SAVINGS 401(K) PLAN AND TRUST · OLIVET, MI · plan year 2024

Reported admin expense ratio · 2024
0.37%

Air-Way Manufacturing Company reported $60,339 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.366%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,138th-largest of 2,619 plans among Michigan employers on file, and the 6,493rd of 13,661 in manufacturing. active participation has shrunk from 307 to 255 since 2022.

Plan summary
Net assets, end of year$17,340,834
Participants with balances197
Active participants255
Employer contributions—
Employee contributions$505,848
Employer contribution per active participant—
Average account balance$88,025
Benefits paid to participants$699,742
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.3M · 197 accts
2023$15.6M · 213 accts
2022$13.9M · 220 accts · $214K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,360
Investment management$20,000
Trustee / custodial$4,632
Total administrative$60,339
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
SENTINEL BENEFITS GROUP, LLC · Recordkeeping$34,360
SENTINEL PENSION ADVISORS · Investment advisory (participants) · Investment advisory (plan)$20,000
FIDELITY PERSONAL TRUST COMPANY · Custodial (securities) · Trustee$5,979

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

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Administrative cost history3
2024$60,339 · 0.37%
2023$55,033 · 0.37%
2022$49,887 · 0.37%
Same employer
Similar plansManufacturing · Michigan
Avalon & Tahoe Mfg., Inc. MI$17.5M · 0.52%
Betz Industries, Inc. MI$17.5M · 0.54%
Edwards Garment Co. MI$17.3M · 0.25%
Balance Technology, Inc. MI$17.1M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381599388 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.