# The Finway Group 401(k) Plan
Source: https://planprovider.pro/companies/the-finway-group-401k-plan-015

> The Finway Group's 401(k) plan: 772 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Finway Group

- **Sponsor EIN:** 421468222

- **Sponsor Address:** 5625 MILLS CIVIC PARKWAY, WEST DES MOINES, IA, 50266

- **Plan Type:** 401(k)

- **Total Participants:** 772

- **Total Assets:** $20.3M

## 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|772|$20.3M|$525,091|$1.8M|

| 2023|478|$13.6M|$190,837|$523,563|

## 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|CONTRACT ADMIN|$58,745|—|$58,745|

| EMPOWER ANNUITY INSURANE COMPANY|RECORDKEEPER|$27,278|—|$27,278|

| MMA SECURITIES|INVESTMENT ADVISOR|$23,024|—|$23,024|

| EEMPOWER ADVISORY GROUP|INVESTMENT MANAGEMENT|$22,604|—|$22,604|

| BDO USA, P.C.|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [BDO USA, P.C.](https://planprovider.pro/provider/bdo-usa-pc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $131,651

- **Estimated Expense Ratio:** 0.648% 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|$128,201|—|$128,201|—|—|

| 2023|$16,508|—|$16,508|—|—|

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