Plan Snapshot
- Plan Sponsor: The Finway Group
- Sponsor EIN: 421468222
- Sponsor Address: 5625 MILLS CIVIC PKWY, WEST DES MOINES, IA, 50266
- Plan Type: 401(k)
- Total Participants: 6,239
- Total Assets: $146.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 6,239 | $146.2M | $6.0M | $15.3M |
| 2023 | 2,408 | $38.1M | $1.7M | $5.6M |
| 2022 | 58 | $59,520 | $23,837 | $35,291 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WORLD INVESTMENT ADVISORS | Investment Advisor | $57,543 | — | $57,543 |
| COTA STREET INV. MGMT | Other Service Provider | $44,984 | — | $44,984 |
| BROKERS INTL | Other Service Provider | $16,852 | — | $16,852 |
| CERITY PARTNERS RETIREMENT | Investment Advisor | $16,112 | — | $16,112 |
| OLSEN THIELEN | Other Service Provider | $14,300 | — | $14,300 |
| THE FINWAY GROUP | Other Service Provider | $11,450 | $1,461 | $12,911 |
| BENEFIT TRUST CO. | Other Service Provider | $5,982 | — | $5,982 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $168,684
- Estimated Expense Ratio: 0.115% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $706,018 | — | — | — | — |
| 2023 | $3,446,094 | — | $114,751 | — | — |
| 2022 | — | — | — | — | — |