Retirement plan
VISTA PLAN PEP
THE FINWAY GROUP - VISTAEIN 42-1468222Plan #020PY 2024
5625 MILLS CIVIC PARKWAY, SUITE 101 - WEST DES MOINES, IA 50266515-226-0974finwaygroup.comLinkedIn1-10 employeesfinancial services
Other plans on this EIN
10 filingsProspect flagsHigh feesLow participant contribution
Filing contacts
From the Form 5500, federal recordSummary metrics
Total assets (EOY)
$23.9M
-53.4% from 2024
Total participants
430
-60.9% from 2024
Average account balance
$61,118
+8.4% from 2024
Annual return
108.20%
-108.20 pp from 2024
Benchmarks
Peer group
Industry52 - Finance and Insurance
Plan typeDefined contribution
Participants250-999
Cohort1,547 peers
Snapshot2024
9
Participant deferral / active EE
$2,872
median $6,287
63
Employer contribution / active EE
$4,341
median $3,400
36
Participation rate
90.9%
median 95.3%
27
Avg account balance
$61,118
median $90,162
11
Admin fee / account holder
$335
median $141
97
Annual return
108.20%
median 15.26%
Overall peer rank
40of 100
40th percentileavg across 6 metrics
Analytics
Less than 3 years of history available for this plan
We'll show a chart here once at least 3 consecutive filings are on record.
Service providers
Top 4 by compensation
| Provider | Service type | Compensation |
|---|---|---|
Service code 27 PO BOX 88499 · MILWAUKEE, WI 532888499 | Advisory (Plan) | $83,052 |
THE FINWAY GROUP LLC1 year Service code 13 5625 MILLS CIVIC PKWY STE 101 · WEST DES MOINES, IA 50266 | Contract Administrator | $35,023 |
Service code 99 1801 CALIFORNIA ST 23RD FLOOR · DENVER, CO 80202 | Other Fees | $8,506 |
Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $0 |
Plan features & details
Pension benefit codes2A2E2J2K2F2G3D
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
2 tripped
- OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
- OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Expense breakdown
Schedule H Part II
Admin total
$131K
$305 / participant
- Contract admin$131K100.0%
% of EOY assets
0.548%
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