Filed July 9, 2015
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| Provider | Service type | Compensation |
|---|---|---|
WESPAC PLAN SERVICES, LLC2 years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 519 17TH STREET · OAKLAND, CA 94612 | Advisory (Participants) | $5,741 |
WESPAC PLAN SERVICES, LLC2 years Service code 13 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612 | Contract Administrator | $5,234 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Annual investment return is in the bottom quintile of the peer cohort.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $13,948 | $48,576-71.3% | $169,452-91.8% | $56,289-75.2% |
| Participation rate | 52.8% | 65.8%-13.0pp | 77.8%-25.0pp | 69.9%-17.1pp |
| Annual return | -8.05% | -2.51%-5.5pp | 1.83%-9.9pp | -9.96%+1.9pp |
| Employer contribution / active EE | $544 | $1,559-65.1% | $4,157-86.9% | $2,111-74.2% |
| Participant deferral / active EE | $1,663 | $3,275-49.2% | $5,277-68.5% | $3,350-50.4% |
| Admin fee / account holder | $99 | $435-77.2% | $9,110-98.9% | $521-81.0% |