The Finway Group401(k)
THE ARCHITECT RETIREMENT PEP · WEST DES MOINES, IA · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
The Finway Group reported $706,018 in plan administrative expenses for 2024: 0.77% of average plan assets, higher than ~90% of peers. Employer contributions averaged $956 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 67th-largest of 878 plans among Iowa employers on file, and the 1,445th of 13,661 in manufacturing. In 2024, employees put in $2.56 for every $1.00 the employer contributed.
The Finway Group's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 421468222 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.