Plan Ledger DOL Form 5500 · updated monthly

Wayside Furniture Inc.401(k)

WAYSIDE FURNITURE INC. 401(K) PLAN · AKRON, OH · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Wayside Furniture Inc. reported $7,247 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,368 per active participant. 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 rose from 0.03% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,644th-largest of 3,295 plans among Ohio employers on file, and the 1,968th of 5,215 in retail trade. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,412,556
Participants with balances146
Active participants132
Employer contributions$312,613
Employee contributions$531,707
Employer contribution per active participant$2,368
Average account balance$98,716
Benefits paid to participants$1,021,518
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$11.0M · 135 accts · $265K emplr
2024$14.4M · 146 accts · $313K emplr
2023$12.9M · 161 accts · $337K emplr
2022$11.6M · 170 accts · $347K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,690
Investment management$257
Total administrative$7,247
The Wayside Furniture Inc. 401(k) match · 2024
Employer contribution per active participant$2,368
Median for plans this size$2,416
2025$2,138 per active participant
2024$2,368 per active participant
2023$2,442 per active participant
2022$2,373 per active participant

Wayside Furniture Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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 · 20244
TRINITY PENSION CONSULTANTS · Other services$250
VOYA RETIREMENT INS AND ANNUITY CO. · Investment advisory (participants)$25
BEACON FINANCIAL GROUPindirect comp
MORNINGSTAR · Investment advisory (plan)indirect comp

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

Administrative cost history4
2025$14,729 · 0.12%
2024$7,247 · 0.05%
2023$11,194 · 0.09%
2022$3,747 · 0.03%
Similar plansRetail Trade · Ohio
Kerry Ford Inc OH$15.0M · 0.57%
Brondes Ford, Inc. OH$14.7M · 0.49%
Thirty-One Gifts, LLC OH$14.5M · 0.04%
Shrader Tire and Oil Inc OH$14.2M · 0.42%
American Retail Corporation OH$13.7M · 0.53%
Kw Floorcoverings Inc OH$13.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341490006 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.