Retirement plan

WESTERN DIGITAL CORPORATION 401(K) PLAN

Name: WESTERN DIGITAL CORPORATION - WESTERN DIGITAL CORPORATION 401(K) PLAN (2018) Form 5500
Creator: WESTERN DIGITAL CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN DIGITAL CORPORATION 401(K) PLAN, WESTERN DIGITAL CORPORATION

WESTERN DIGITAL CORPORATIONEIN 33-0956711Plan #003PY 2018

3355 MICHELSON DRIVE - IRVINE, CA 92612949-672-7000

Prospect flagsLow returnsFailed to transmit contributions

Top hat statement on fileNQDC

Filed July 13, 2007

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1508.7M

-19.8% from 2016

Total participants

12,111

-17.0% from 2016

Average account balance

$126,682

-3.2% from 2016

Annual return

-6.48%

-24.24 pp from 2016

Benchmarks

See 119 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort119 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.48B

Not enough data

1 years with asset history on file

Average account balance

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

$246K

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.

10,063

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.

97.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$130.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$20K

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

+17.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$21

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC2 years Service code 15 · EIN 52-1714114	Recordkeeping	$631,350
NEWPORT GROUP, INC.1 year Filed as: NEWPORT GROUP SECURITIES Service code 16 · EIN 59-3099288	Consulting	$150,000
BDO USA, LLP2 years Service code 10 · EIN 13-5381590	Accounting	$40,000
MORNINGSTAR4+ years Service code 26 · EIN 36-3297908	Advisory (Participants)	$36,573
CHARLES SCHWAB & CO., INC.1 year Service code 33 · EIN 94-1737782	Securities brokerage; Direct payment ...	$6,018

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3D3H

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

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

$865K

$102 / participant

Investment mgmt$37K4.2%
Other / not subdivided$829K95.8%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$126,682

$96,261+31.6%

$76,768+65.0%

$68,904+83.9%

Participation rate

97.6%

87.0%+10.6pp

77.0%+20.7pp

74.1%+23.5pp

Annual return

-6.48%

-0.85%-5.6pp

2.43%-8.9pp

1.07%-7.5pp

Employer contribution / active EE

$4,065

$3,303+23.1%

$2,485+63.5%

$2,540+60.0%

Participant deferral / active EE

$14,015

$5,537+153.1%

$3,852+263.9%

$4,015+249.0%

Admin fee / account holder

$73

$73-0.3%

$6,676-98.9%

$71+1.9%

Provider

Service type

Compensation

T ROWE PRICE RPS INC2 years

Service code 15 · EIN 52-1714114

Recordkeeping

$631,350

NEWPORT GROUP, INC.1 year

Filed as: NEWPORT GROUP SECURITIES

Service code 16 · EIN 59-3099288

Consulting

$150,000

BDO USA, LLP2 years

Service code 10 · EIN 13-5381590

Accounting

$40,000

MORNINGSTAR4+ years

Service code 26 · EIN 36-3297908

Advisory (Participants)

$36,573

CHARLES SCHWAB & CO., INC.1 year

Service code 33 · EIN 94-1737782

Securities brokerage; Direct payment ...

$6,018

WESTERN DIGITAL CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN DIGITAL CORPORATION 401(K) PLAN

Top hat statement on fileNQDC

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