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Retirement plan

THE ARCHITECT RETIREMENT PEP

THE FINWAY GROUPEIN 42-1468222Plan #010PY 2024
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5625 MILLS CIVIC PKWY, SUITE 101 - WEST DES MOINES, IA 50266515-226-0974finwaygroup.comLinkedIn1-10 employeesfinancial services
Other plans on this EIN
10 filings
#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#017Retirement-$9.8M assets
Prospect flagsLow participation

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)
$146.2M
-99.8% from 2023
Total participants
6,773
-97.8% from 2023
Average account balance
$48,942
-95.5% from 2023
Annual return
270.66%
-57221.05 pp from 2023

Benchmarks

See 108 peers
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants5,000-9,999
Cohort108 peers
Snapshot2024
Participant deferral / active EE
$2,449
median $8,000
Employer contribution / active EE
$956
median $2,889
Participation rate
39.3%
median 92.8%
Avg account balance
$48,942
median $109,940
Admin fee / account holder
$236
median $67
Annual return
270.66%
median 16.00%
Overall peer rank
32nd 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

Top 8 by compensation
ProviderService typeCompensation
LPL FINANCIAL LLC1 year
Service code 55
Other Commissions
$223,658
WORLD INVESTMENT ADVISORS1 year
Service code 27
24 E COTA ST., SUITE 200 · SANTA BARBARA, CA 93101
Advisory (Plan)
$57,543
COTA STREET INV. MGMT1 year
Service code 28
24 EAST COTA ST., STE. 200 · SANTA BARBARA, CA 93101
Investment Management
$44,984
BROKERS INTL1 year
Service code 27
4135 NW URBANDALE DR. · URBANDALE, IA 50322
Advisory (Plan)
$16,852
CERITY PARTNERS RETIREMENT1 year
Service code 27
335 MADISON AVE · NEW YORK, NY 10017
Advisory (Plan)
$16,112
OLSEN THIELEN1 year
Service code 99
2675 LONG LAKE RD. · ST. PAUL, MN 55113
Other Fees
$14,300
THE FINWAY GROUP1 year
Service code 13
5625 MILLS CIVIC PKWY, SUITE 100 · WEST DES MOINES, IA 50266
Contract Administrator
$12,911
BENEFIT TRUST CO.1 year
Service code 99
5901 COLLEGE BLVD. SUITE 100 · OVERLAND PARK, KS 66211
Other Fees
$5,982

Plan features & details

Pension benefit codes2A2E2J2K2F2G2W3D
Plan features
  • 2A
    Age/service weighted or new comparability plan
    Age/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).
  • 2E
    Profit-sharing
    Profit-sharing plan.
  • 2F
    ERISA section 404(c) plan
    This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
  • 2G
    Total participant-directed account plan
    Participants 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.
  • 2J
    Code section 401(k) feature
    Cash 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.
  • 2K
    Code section 401(m) arrangement
    Employee 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.
  • 3D
    Pre-approved pension plan
    A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped
  • OpportunityLow participation

    Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II
Admin total
$706K
$113 / participant
  • Recordkeeping$706K100.0%
% of EOY assets
0.483%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
BDO USA, P.C.
Auditor EIN
135381590
Audit fees
(not subdivided)
Opinion code
Unqualified