Plan Snapshot
- Plan Sponsor: The Finway Group, LLC
- Sponsor EIN: 421468222
- Sponsor Address: 5625 MILLS CIVIC PARKWAY, WEST DES MOINE, IA, 50266
- Plan Type: 401(k)
- Total Participants: 868
- Total Assets: $12.6M
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 | 868 | $12.6M | $951,566 | $2.6M |
| 2023 | 726 | $9.8M | $91,770 | $274,384 |
| 2022 | 0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|
| THE FINWAY GROUP, LLC | Other Service Provider | $93,608 | — | $93,608 |
| GREENLINE WEALTH MANAGEMENT | Investment Advisor | $87,309 | — | $87,309 |
| COTA STREET INVESTMENT MANAGEMENT | Investment Advisor | $6,398 | — | $6,398 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $187,315
- Estimated Expense Ratio: 1.482% 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 | $138,423 | — | $138,423 | — | — |
| 2023 | $24,673 | — | $150 | — | — |
| 2022 | — | — | — | — | — |