Filed July 9, 2015
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| Provider | Service type | Compensation |
|---|---|---|
WESPAC PLAN SERVICES, LLC3 years Service code 13 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612 | Contract Administrator | $18,797 |
WESPAC PLAN SERVICES, LLC3 years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 519 17TH STREET · OAKLAND, CA 94612 | Advisory (Participants) | $7,472 |
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Plan reported corrective distributions (failed ADP/ACP testing).
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 | $14,720 | $56,918-74.1% | $182,540-91.9% | $65,185-77.4% |
| Participation rate | 81.0% | 66.5%+14.5pp | 78.0%+3.0pp | 70.2%+10.8pp |
| Annual return | 28.93% | 27.67%+1.3pp | 148.58%-119.6pp | 29.38%-0.5pp |
| Employer contribution / active EE | $789 | $1,615-51.1% | $4,076-80.6% | $2,177-63.7% |
| Participant deferral / active EE | $2,575 | $3,526-27.0% | $5,525-53.4% | $3,514-26.7% |
| Admin fee / account holder | $168 | $531-68.3% | $8,593-98.0% | $847-80.1% |