2023 Form 5500 filing — Wayforth 401(K) Saving Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240730095038NAL0013252867001) for Wayforth 401(K) Saving Plan, reported by Wayforth, LLC under EIN 81-1465874 and plan number 001. It reports 507 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240730095038NAL0013252867001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Wayforth, LLC
- EIN
- 81-1465874
- Plan number
- 001
- Location
- Richmond, VA
- Participants
- 507
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $1,696,907
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,696,907
- Employer contributions
- $231,553
- Participant contributions
- $495,744
- Total income / additions
- $1,089,516
- Benefits paid
- $1,853,156
- Administrative expenses
- $60,487
- Total expenses
- $1,913,643
- Net increase / (decrease)
- -$824,127
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $42,560 | $0 |
| Orenda Retirement, LLC | CONTRACT ADMINISTRATOR | $17,935 | $1,105 |
| Wells Fargo Clearing Svcs (Wf Advs) | INVESTMENT ADVISORY | $0 | $8,971 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 |