How big is My Way Leases Inc.'s plan?

My Way Leases Inc.'s plan reported $94K in assets and 33 participants for 2024.

Original filing (PDF)20250611054925NAL0015490545001

My Way Leases Inc.

Name: My Way Leases Inc. — Form 5500 (2024)
Creator: My Way Leases Inc.
License: https://www.usa.gov/government-works

Form 5500-SF

FILING_RECEIVED

My Way Leases Inc.

401(k) retirement plan · My Way Leases Inc. held $94K in plan assets for 33 participants in 2024.

Active participants

Accounts w/ balance

Plan assets (EOY)

$94K

Net assets (EOY)

$94K

People on this filing

Nick Rice signed My Way Leases Inc.'s 2024 Form 5500 as plan administrator.

Nick Rice — Plan Administrator — Form 5500 signer

Get verified email & phone for these signers

Signer names are public record from the Form 5500 e-signature.

Plan identifiers

My Way Leases Inc.'s EIN is 27-2029831.

EIN 27-2029831

Plan number 001

Plan year 2024

ACK ID 20250611054925NAL0015490545001

Official Form 5500 document

Download the official 2024 Form 5500 (PDF) for My Way Leases Inc. from the U.S. Department of Labor's EFAST2 system.

Download the official 2024 Form 5500 (PDF)

Plan features

My Way Leases Inc.'s plan includes profit-sharing, ERISA 404(c) participant direction, a 401(k) feature, a default investment (QDIA).

Decision-maker contacts

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Plan health score

Above-average plan

Directional indicator from public Form 5500 data — compliance & integrity, total plan cost, participant health and vendor stack, benchmarked against same-size peers. Not a fiduciary tool. Based on 70% of scoring inputs for this filing.

Compliance & integrity

100

Total plan cost

n/a

Plan health

Vendor & structure

100

Knocking points off

Low account-holder ratio — balance-holders per active participant in the bottom quartile of peers (13th percentile).

Helping the score

Cost not scored — no comparable Schedule H expense data for this cohort.

Plan sponsor

Name

MY WAY LEASES INC

EIN

all filings

Address

311 CIVIC AVE · SALISBURY, MD · 21804

Phone

(443) 736-3082

Industry

Retail Trade

Plan administrator

Same as plan sponsor.

Plan characteristics

Plan number

001

Plan year

2024

Plan year begin

2024-01-01

Tax period

2024-12-31

Filed

2025-06-11

Pension benefit codes

2E · Profit-sharing

2F · ERISA section 404(c)

2G · Total participant-directed accounts

2J · 401(k) feature

2K · 401(m) arrangement

2T · Default investment account (QDIA)

3D · Pre-approved plan (master / prototype / VS)

Audit & trust (Schedule H)

Service providers (Schedule C)

Small plans don't disclose service providers

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