Retirement plan

WESTERN NATIONAL GROUP 401(K) EMPLOYEE SAVINGS PLAN

Name: WESTERN NATIONAL PROPERTIES DBA WESTERN NATIONAL GROUP - WESTERN NATIONAL GROUP 401(K) EMPLOYEE SAVINGS PLAN (2019) Form 5500
Creator: WESTERN NATIONAL PROPERTIES DBA WESTERN NATIONAL GROUP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN NATIONAL GROUP 401(K) EMPLOYEE SAVINGS PLAN, WESTERN NATIONAL PROPERTIES DBA WESTERN NATIONAL GROUP

WESTERN NATIONAL PROPERTIES DBA WESTERN NATIONAL GROUPEIN 33-0848232Plan #001PY 2019

8 EXECUTIVE CIRCLE - IRVINE, CA 92614949-862-6200LinkedIn1001-5000 employeesreal estate

Prospect flagsLow returnsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$36.6M

+26.4% from 2018

Total participants

1,164

+1.4% from 2018

Average account balance

$52,387

+21.7% from 2018

Annual return

21.33%

+27.18 pp from 2018

Benchmarks

See 109 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants1,000-4,999

Cohort109 peers

Snapshot2019

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$58.26M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$90K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

649

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

57.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.98M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.35%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$360

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 5 by compensation

Provider	Service type	Compensation
PENSIONMARK FINANCIAL GROUP LLC3 years Service code 27 24 E COTA ST STE 200 · SANTA BARBARA, CA 93101	Advisory (Plan)	$53,832
ACTUARIAL BENEFITS CORP3 years Service code 13 2790 SKYPARK DR SUITE 300 · TORRANCE, CA 90505	Contract Administrator	$52,864
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$45,955
LTSP, INC.2 years Filed as: LTSP INC Service code 10 4685 MACARTHUR CT STE 300 · NEWPORT BEACH, CA 92660	Accounting	$9,500
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: GREAT-WEST LIFE & ANNUITY INS CO Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$202K

$201 / participant

Investment mgmt$85K42.3%
Contract admin$106K52.5%
Other / not subdivided$11K5.2%

% of EOY assets

0.552%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: LTSP, INC.
Auditor EIN: 953864890
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,387

$48,072+9.0%

$182,558-71.3%

$77,775-32.6%

Participation rate

53.7%

64.3%-10.6pp

78.0%-24.3pp

73.2%-19.5pp

Annual return

21.33%

31.26%-9.9pp

148.59%-127.3pp

32.58%-11.3pp

Employer contribution / active EE

$1,105

$1,453-23.9%

$4,076-72.9%

$2,504-55.8%

Participant deferral / active EE

$3,089

$3,209-3.7%

$5,526-44.1%

$3,966-22.1%

Admin fee / account holder

$289

$131+120.1%

$8,594-96.6%

$100+189.1%

Provider

Service type

Compensation

PENSIONMARK FINANCIAL GROUP LLC3 years

Service code 27

24 E COTA ST STE 200 · SANTA BARBARA, CA 93101

Advisory (Plan)

$53,832

ACTUARIAL BENEFITS CORP3 years

Service code 13

2790 SKYPARK DR SUITE 300 · TORRANCE, CA 90505

Contract Administrator

$52,864

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$45,955

LTSP, INC.2 years

Filed as: LTSP INC

Service code 10

4685 MACARTHUR CT STE 300 · NEWPORT BEACH, CA 92660

Accounting

$9,500

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: GREAT-WEST LIFE & ANNUITY INS CO

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

WESTERN NATIONAL GROUP 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN NATIONAL GROUP 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion