Rite Rug Co. 401(K) Retirement Plan — Form 5500 plan (Rite Rug Company, Inc.)
Plain-English plan 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, Rite Rug Co. 401(K) Retirement Plan is a benefit plan reported by Rite Rug Company, Inc. under EIN 31-4365448 and plan number 001. The latest loaded filing year is 2023. The filing reports 932 participants and $16,024,341 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$16MPlan net assets, end of year$16,024,341
Participants932Covered participants reported
Assets / participant$17.2KComputed: assets ÷ participants$17,193 (computed)
Provider compensation$108.7K4 Schedule C provider row(s)$108,661
- Plan sponsor
- Rite Rug Company, Inc.
- EIN
- 31-4365448
- Plan number
- 001
- Plan type
- 2
- Location
- Columbus, OH
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 932 | H, C | 20240919115820NAL0002316451001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$16M total assets
Net assets$16MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $16,024,341
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $16,024,341
- Net assets (BOY)
- $13,016,373
Income & contributions
- Employer contributions
- $6,835
- Participant contributions
- $1,327,698
- Total contributions
- $1,752,393
- Total income / additions
- $4,135,659
Expenses & distributions
- Benefits paid
- $1,016,429
- Administrative expenses
- $108,661
- Total expenses
- $1,127,691
- Net increase / (decrease)
- $3,007,968
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
99%
Employer 1%Participant 99%
Total expenses ÷ net assets7%Computed ratio
Benefits paid ÷ total income25%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Empower Annuity Insurance Company O | RECORDKEEPER | $38,958 | $0 | 2023 |
| Empower Advisory Group, LLC | INVESTMENT MGMT | $34,235 | not reported in the loaded dataset | 2023 |
| Fifth Third Bank | INVESTMENT ADVISOR | $20,468 | not reported in the loaded dataset | 2023 |
| Schneider Downs & Co, Inc | AUDITOR | $15,000 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Rite Rug Company, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in OH
- 401(k) and benefit plan filings in Columbus, OH
- Empower Annuity Insurance Company O — Schedule C compensation
- Empower Advisory Group, LLC — Schedule C compensation
- Fifth Third Bank — Schedule C compensation
- Schneider Downs & Co, Inc — Schedule C compensation