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Retirement plan

THE FINWAY GROUP, LLC CASH BALANCE PLAN

THE FINWAY GROUP, LLCEIN 42-1468222Plan #002PY 2024
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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-$146.2M assets#016Retirement-$132.2M assets#023Retirement-$41.2M assets#022Retirement-$35.1M assets#018Retirement-$30.7M assets#011Retirement-$24.8M assets#020Retirement-$23.9M assets#015Retirement-$20.3M assets#014Retirement-$15.8M assets#012Retirement-$12.6M assets
Prospect flagsLow fidelity bond

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)
$1.2M
-56.4% from 2020
Total participants
8
-28.6% from 2020
Average account balance
$0
No prior year
Annual return
17.75%
-14.72 pp from 2020

Benchmarks

See 7,705 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined benefit
Participants<25
Cohort7,705 peers
Snapshot2024
Participant deferral / active EE
$0
median $0
Employer contribution / active EE
$25,000
median $27,000
Participation rate
0.0%
median 100.0%
Avg account balance
$0
median $205,433
Admin fee / account holder
$0
median $448
Annual return
17.75%
median 7.41%
Overall peer rank
63rd 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 2025-06-30

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

1 tripped
  • ComplianceLow fidelity bond

    Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II
Admin total
$18K
$2234 / participant
  • Other / not subdivided$18K100.0%
% of EOY assets
1.480%
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
-