Wayforth 401(K) Saving Plan — Form 5500 plan (Wayforth, LLC)
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, Wayforth 401(K) Saving Plan is a benefit plan reported by Wayforth, LLC under EIN 81-1465874 and plan number 001. The latest loaded filing year is 2023. The filing reports 507 participants and $1,696,907 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Wayforth, LLC
- EIN
- 81-1465874
- Plan number
- 001
- Plan type
- 2
- Location
- Richmond, VA
- Latest filing year
- 2023
- Participants
- 507
- End-of-year plan assets
- $1,696,907
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 507 | H, C | 20240730095038NAL0013252867001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $1,696,907
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $1,696,907
- Net assets (BOY)
- $2,521,034
Income & contributions
- Employer contributions
- $231,553
- Participant contributions
- $495,744
- Total contributions
- $758,868
- Total income / additions
- $1,089,516
Expenses & distributions
- Benefits paid
- $1,853,156
- Administrative expenses
- $60,487
- Total expenses
- $1,913,643
- Net increase / (decrease)
- -$824,127
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $42,560 | $0 | 2023 |
| Orenda Retirement, LLC | CONTRACT ADMINISTRATOR | $17,935 | $1,105 | 2023 |
| Wells Fargo Clearing Svcs (Wf Advs) | INVESTMENT ADVISORY | $0 | $8,971 | 2023 |
| Wilshire Associates Incorporated | INVESTMENT ADVISORY | $0 | $0 | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Wayforth, LLC
- 2023 Form 5500 filing
- Form 5500 filings in VA
- 401(k) and benefit plan filings in Richmond, VA
- Principal Life Insurance Company — Schedule C compensation
- Orenda Retirement, LLC — Schedule C compensation
- Wells Fargo Clearing Svcs (Wf Advs) — Schedule C compensation
- Wilshire Associates Incorporated — Schedule C compensation