Last Updated: February 16, 2026

Service Provider: Olavi Group, LLC (a Utah limited liability company)

1. Service Description

The 5500 Retirement Plan Smart Search (the "Service") provides natural language search and analysis tools for exploring a mix of publicly available retirement plan data with our preprocessed layer of background analytics on peer group comparisons, name matching algorithms for signer changes, high fee thresholds by AUM and PAPM fees seen in recent lawsuits against ERISA retirement plans, and other metrics and ranking methods using quantitative methods to algorithmically rank based on statistical methods.

The Service allows users to query and analyze data from the following public sources:

• U.S. Department of Labor Form 5500 filings (covering the most recent 1–5 years of filings, depending on the field or metric).
• U.S. Census Bureau data for mapping zip codes to CBSAs (metro areas).
• NAICS (North American Industry Classification System) insurance data, where applicable, for insurance carrier or broker relationships.

Data Updates: Our database is refreshed monthly as new Form 5500 filings become available from the Department of Labor. The coverage window varies by data field, typically spanning the most recent 1–5 years of filings.

Proprietary Analytics: In addition to raw government data, the Service includes proprietary analytical methods, algorithms, and ranking systems developed by Olavi Group, LLC. These methodologies are protected intellectual property and are provided to enhance your analysis of retirement plan data.

The Service is provided "as-is" based on the most recent government filings available. Olavi Group, LLC makes no warranty regarding the accuracy, completeness, or timeliness of the underlying data or the results of our analytical methods.

2. Data Sources & Disclaimer

All data provided through the Service is sourced from public government records and databases, enhanced with our proprietary analytics. While we strive to present accurate information, users must understand the following limitations.

2.1 Data Accuracy & Timeliness

• Filing delays: Government data may be 6–12 months behind current dates due to filing deadlines and processing times.
• Source errors: The underlying government data may contain transcription errors, omissions, or inaccuracies.
• Outdated information: Plan details may have changed since the most recent filing.
• Incomplete records: Some fields are optional and may be blank or incomplete.

2.2 Known Data Limitations

• Small plans: Plans with fewer than 100 participants file simplified forms (Form 5500-SF) with limited data fields.
• Optional fields: Certain data points (such as detailed fee breakdowns) are optional and may not be reported by all plans.
• Multi-employer plans: Plans covering multiple employers have different reporting requirements and may have unique data structures.
• Plan type variations: Different plan types (401k, 403b, pension, etc.) report different sets of information.

2.3 Proprietary Analytics Disclaimers

Our Service includes proprietary analytical methods, rankings, and comparisons. Users should understand the following:

• Methodology variations: Our rankings and peer group comparisons are based on our proprietary statistical models — different analytical approaches or methodologies could produce different results.
• ERISA lawsuit data: Fee thresholds and benchmarks derived from ERISA litigation are illustrative only and do not establish legal standards or regulatory limits — past litigation outcomes do not predict future legal issues or liability.
• Algorithmic rankings: While our ranking methods are systematic and data-driven, all analytical models involve design choices, assumptions, and limitations — rankings should be considered one factor among many in your analysis.
• Name matching algorithms: Our algorithms for identifying signer changes and entity matching are probabilistic and may contain errors or false positives.

2.4 No Professional Advice

Important: The Service and its data are provided for informational purposes only and do not constitute financial, legal, investment, or professional advice. Users must independently verify any critical information before making business decisions. We strongly recommend consulting with qualified professionals for specific guidance.

3. Privacy & Data Collection

We are committed to protecting your privacy.

We Collect:

• Email address, name, and company affiliation.
• Total number of queries executed per user.
• Usage timestamps and account activity logs.
• Authentication and login information.

We DO NOT Collect or Store:

• Individual query content or search terms.
• Query results or downloaded data.
• Personal financial information.
• Browsing behavior outside our Service.

For more details, please see our Privacy Policy.

4. User Responsibilities

By using the Service, you agree to:

• Be at least 18 years of age or have proper business authority.
• Use the Service only for lawful purposes.
• Not attempt to scrape or systematically download large portions of data.
• Not resell or redistribute the Service.
• Not use the Service to harass, spam, or engage in any abusive behavior.
• Maintain the confidentiality of your account credentials.

5. Acceptable Use

You may NOT use the Service to:

• Violate any applicable laws or regulations.
• Infringe upon intellectual property rights.
• Transmit malware, viruses, or harmful code.
• Attempt to gain unauthorized access to our systems.
• Interfere with or disrupt the Service or servers.
• Impersonate any person or entity.

6. Limitation of Liability

The Service is provided "AS IS" and "AS AVAILABLE" without warranties of any kind, either express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.

Olavi Group, LLC shall not be liable for:

• Business decisions made based on data from the Service.
• Errors, omissions, or inaccuracies in government data.
• Service interruptions, downtime, or data loss.
• Any indirect, incidental, special, consequential, or punitive damages.
• Loss of profits, revenue, data, or business opportunities.

To the maximum extent permitted by law, our total liability shall not exceed the amount you paid for the Service in the twelve (12) months preceding the claim. This limitation of liability is cumulative and not per incident.

State-Specific Limitations: SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF IMPLIED WARRANTIES, INCIDENTAL DAMAGES, OR CONSEQUENTIAL DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY, AND YOU MAY HAVE ADDITIONAL RIGHTS UNDER APPLICABLE STATE LAW.

7. Trial and Subscription Terms

Trial Users:

• Anonymous users receive 2 free queries with limited results (10 rows).
• Registered trial users receive 10 queries with limited results (10 rows).
• Trial limitations apply per account and may be reset at our discretion.

Paid Subscriptions:

• Subscription fees are billed in advance on a recurring basis.
• Prices are subject to change with 30 days' notice.
• You are responsible for all charges incurred under your account.

8. Third-Party Data Sources and Accuracy

8.1 Data Sources

5500Alpha aggregates and enriches data from multiple public sources, including:

• U.S. Department of Labor Form 5500 filings.
• Fortune magazine rankings.
• Other publicly available corporate information.

8.2 No Warranty on Enrichment Data

While we use commercially reasonable efforts to maintain accurate Fortune 500 classifications and entity resolution data, we do not guarantee:

• Real-time accuracy of Fortune 500 identification.
• Currency of corporate data following mergers, acquisitions, reorganizations, or other corporate events.

Users are responsible for independently verifying Fortune 500 status before relying on such classifications for business decisions.

8.3 Fortune 500® Trademark Notice

"Fortune 500" is a registered trademark of Fortune Media IP Limited. 5500Alpha is not affiliated with, endorsed by, or sponsored by Fortune magazine or Fortune Media IP Limited. We use the term "Fortune 500" solely to identify companies that appear on Fortune magazine's annual ranking of the 500 largest U.S. companies by revenue.

Fortune 500 classifications in our platform are based on the most recent Fortune magazine rankings available at the time of our data refresh.

Current Fortune 500 data reflects: 2025 rankings
Last updated: January 2026

8.4 Update Frequency

• Form 5500 filings: Updated within 30 days of DOL release.
• Supporting data sources: Census data, industry codes, and other enrichment data are updated as new authoritative sources are published, typically annually.
• Search algorithms and analytics: Continuously improved and updated without advance notice.
• Fortune 500® classifications: Refreshed annually following Fortune magazine's publication.

8.5 Prohibited Uses of Corporate Data

You may use Fortune 500 classifications for:

• Internal research and analysis.
• Client prospecting and benchmarking.
• Due diligence and competitive intelligence.

You may NOT:

• Redistribute Fortune 500 lists as a standalone data product.
• Systematically extract or scrape corporate enrichment data for resale.
• Represent 5500Alpha data as official Fortune magazine rankings or endorsements.

9. Termination & Cancellation

User-Initiated Cancellation:

• You may cancel your subscription at any time by contacting [email protected].
• For paid subscriptions, service remains active until the end of the current billing cycle.
• No refunds for unused time within the current billing period.
• Upon cancellation, your data will be retained for 90 days to allow reactivation, then permanently deleted.

Service-Initiated Termination:

• We reserve the right to suspend or terminate accounts for violations of these Terms.
• We may discontinue the Service with 30 days' notice.
• In case of abuse or illegal activity, termination may be immediate without notice.

10. Intellectual Property

The Service, including its design, features, and functionality, is owned by Olavi Group, LLC and is protected by copyright, trademark, and other intellectual property laws. The underlying government data is in the public domain.

You may not:

• Copy, modify, or create derivative works of the Service.
• Reverse engineer or attempt to extract source code.
• Remove or alter any proprietary notices.
• Use our trademarks without written permission.

11. Modifications to Terms

We reserve the right to modify these Terms at any time. Material changes will be notified via email or in-app notification at least 30 days before taking effect. Continued use of the Service after changes constitutes acceptance of the new Terms.

12. Governing Law & Dispute Resolution

These Terms shall be governed by and construed in accordance with the laws of the State of Utah, United States, without regard to its conflict of law provisions.

Any disputes arising from these Terms or the Service shall be resolved exclusively in the state or federal courts located in Utah. You consent to the personal jurisdiction of such courts.

13. Contact Information

For questions, concerns, or to exercise your rights under these Terms, please contact us at:

Olavi Group, LLC
Email: [email protected]
Website: www.olavigroup.com

14. Severability

If any provision of these Terms is found to be unenforceable or invalid, that provision shall be limited or eliminated to the minimum extent necessary, and the remaining provisions shall remain in full force and effect.

15. Entire Agreement

These Terms, together with our Privacy Policy, constitute the entire agreement between you and Olavi Group, LLC regarding the Service and supersede all prior agreements and understandings.

16. Indemnification

You agree to indemnify, defend, and hold harmless Olavi Group, LLC, its officers, directors, employees, contractors, and agents from and against any and all claims, damages, losses, liabilities, costs, and expenses (including reasonable attorneys' fees) arising from or related to:

• Your use or misuse of the Service.
• Your violation of these Terms of Service.
• Business decisions made based on data or analytics from the Service.
• Your violation of any third-party rights, including intellectual property rights.
• Any content you submit or transmit through the Service.
• Your violation of any applicable laws or regulations.

This indemnification obligation survives termination of your account and these Terms.

17. Cookies and Analytics

We use cookies and Google Analytics to improve the Service and understand user behavior. You can opt out of analytics tracking by:

• Installing the Google Analytics Opt-out Browser Add-on.
• Enabling "Do Not Track" in your browser settings.
• Using browser extensions that block analytics scripts.

For complete details about our data collection practices, see our Privacy Policy.

18. Dispute Resolution and Arbitration

18.1 Informal Resolution

Before filing any legal claim against Olavi Group, LLC, you agree to first contact us at [email protected] and attempt to resolve the dispute informally for at least 30 days.

18.2 Binding Arbitration

If informal resolution fails, any dispute, claim, or controversy arising out of or relating to these Terms or the Service (including the determination of the scope or applicability of this agreement to arbitrate) shall be determined by binding arbitration in Salt Lake City, Utah, administered by the American Arbitration Association (AAA) under its Commercial Arbitration Rules.

The arbitrator's decision shall be final and binding, and judgment on the award may be entered in any court of competent jurisdiction.

18.3 Class Action Waiver

YOU AGREE TO BRING CLAIMS ONLY IN YOUR INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, REPRESENTATIVE, OR CONSOLIDATED ACTION. THE ARBITRATOR MAY NOT CONSOLIDATE MORE THAN ONE PERSON'S CLAIMS OR PRESIDE OVER ANY FORM OF REPRESENTATIVE OR CLASS PROCEEDING.

18.4 Exceptions to Arbitration

Either party may seek injunctive relief in court to protect intellectual property rights or confidential information without first pursuing arbitration.

18.5 Opt-Out Right

You may opt out of this arbitration agreement within 30 days of first accepting these Terms by emailing [email protected] with the subject line "Arbitration Opt-Out" and including your name and account email address.

18.6 Severability of Arbitration Clause

If any portion of this arbitration agreement is found unenforceable, the remainder shall continue in effect, except that if the Class Action Waiver (Section 18.3) is found unenforceable, the entire arbitration agreement shall be void and disputes will proceed in court under Section 12 (Governing Law & Dispute Resolution).

By using the 5500 Retirement Plan Smart Search, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.