Retirement plan
THE FINWAY GROUP, LLC CASH BALANCE PLAN
THE FINWAY GROUP, LLCEIN 42-1468222Plan #002PY 2021
5625 MILLS CIVIC PARKWAY, SUITE 101 - W. DES MOINES, IA 50266515-226-0974finwaygroup.comLinkedIn1-10 employeesfinancial services
Other plans on this EIN
1 filingProspect flagsNo flags tripped
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$510K
-56.4% from 2020
Total participants
6
-28.6% from 2020
Average account balance
$0
No prior year
Annual return
20.09%
-14.72 pp from 2020
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,539 peers
Snapshot2021
0
Participant deferral / active EE
$0
median $0
36
Employer contribution / active EE
$23,932
median $30,700
0
Participation rate
0.0%
median 0.0%
0
Avg account balance
$0
median $207,827
0
Admin fee / account holder
$0
median $226
85
Annual return
20.09%
median 7.38%
Overall peer rank
60of 100
60th percentileavg across 6 metrics
Analytics
2019 - 2024
Total assets (EOY)
Plan-year ending balance
$1.21M
Average account balance
Total assets / participants with a balance (line 6g)
$151K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
Not enough data
0 years with headcount on file
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
$200K
Contributions per participant
Average employer and participant contribution per enrolled participant
$25K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+17.75%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
Not enough data
0 years with F_SCH_H allocation on file
Service providers
Providers data not reported
Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.
Enrolled actuary
1 attachment
SB
ANDREW C. FORGRAVE
PINNACLE PLAN DESIGN, LLC
Enrollment #2007226
PO BOX
TUCSON, AS 857284130
(520) 618-1305
Signed 2022-05-16
Plan features & details
Pension benefit codes1C
Plan features
- 1CCash balance or similar planA cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
Opportunity flags
0 tripped
No flags tripped for this filing year. This plan looks clean.
Audit opinion
Schedule H Part III
No opinion code on file for this filing.
- Auditor firm
- (not reported)
- Auditor EIN
- -
- Audit fees
- (not subdivided)
- Opinion code
- -