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Retirement plan

THE FINWAY GROUP, LLC CASH BALANCE PLAN

THE FINWAY GROUP, LLCEIN 42-1468222Plan #002PY 2023
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5625 MILLS CIVIC PARKWAY, SUITE 101 - W. DES MOINES, IA 50266515-226-0974finwaygroup.comLinkedIn1-10 employeesfinancial services
Other plans on this EIN
10 filings
#010Retirement-$38.1M assets#013Retirement-$27.3M assets#011Retirement-$16.5M assets#015Retirement-$13.6M assets#014Retirement-$12.7M assets#020Retirement-$11.1M assets#012Retirement-$9.8M assets#017Retirement-$5.6M assets#018Retirement-$4.5M assets#001Retirement-$963K assets
Prospect flagsNo flags tripped

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(515) 226-0974
How to read this page

Summary metrics

Total assets (EOY)
$867K
-56.4% from 2020
Total participants
10
-28.6% from 2020
Average account balance
$0
No prior year
Annual return
20.51%
-14.72 pp from 2020

Benchmarks

See 7,704 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,704 peers
Snapshot2023
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$14,188
median $29,812
Participation rate
0.0%
median 100.0%
Avg account balance
$0
median $179,671
Admin fee / account holder
$0
median $636
Annual return
20.51%
median 9.06%
Overall peer rank
57th 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
1985 E. RIVER RD., STE 111
TUCSON, AS 857284130
(520) 618-1305
Signed 2024-05-08

Plan features & details

Pension benefit codes1C
Plan features
  • 1C
    Cash balance or similar plan
    A 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.

Expense breakdown

Schedule H Part II
Admin total
$3K
$325 / participant
  • Other / not subdivided$3K100.0%
% of EOY assets
0.374%
all-in expense ratio
Categories reported
0 / 9
subdivided buckets used

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
-