Retirement plan
THE ARCHITECT RETIREMENT PEP
THE FINWAY GROUPEIN 42-1468222Plan #010PY 2022
5625 MILLS CIVIC PKWY, SUITE 101 - WEST DES MOINES, IA 50266515-226-0974finwaygroup.comLinkedIn1-10 employeesfinancial services
Other plans on this EIN
5 filingsProspect flagsLow assets / participantLow employer contributionLow participant contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$60K
-99.8% from 2023
Total participants
59
-97.8% from 2023
Average account balance
$1,102
-95.5% from 2023
Annual return
0.00%
-57221.05 pp from 2023
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants25-99
Cohort27,994 peers
Snapshot2022
5
Participant deferral / active EE
$608
median $5,683
16
Employer contribution / active EE
$411
median $2,350
63
Participation rate
91.4%
median 84.0%
1
Avg account balance
$1,102
median $52,626
97
Admin fee / account holder
$0
median $1,953
0
Annual return
0.00%
median -16.85%
Overall peer rank
37of 100
37th percentileavg across 6 metrics
Analytics
2022 - 2024
Total assets (EOY)
Plan-year ending balance
$146.24M
Average account balance
Total assets / participants with a balance (line 6g)
$49K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
2,988
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
39.3%
Contributions (total)
Employer and participant dollars contributed each year
$21.24M
Contributions per participant
Average employer and participant contribution per enrolled participant
$3K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+270.66%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$236
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
Not enough data
1 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.
Plan features & details
Pension benefit codes2A2E2J2K2F2G2W3D
Plan features
- 2AAge/service weighted or new comparability planAge/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 3DPre-approved pension planA master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
Opportunity flags
3 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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
- -