Retirement plan

WESTERN PACIFIC DISTRIBUTING, LLC 401(K) PROFIT SHARING PLAN

Name: WESTERN PACIFIC DISTRIBUTING, LLC - WESTERN PACIFIC DISTRIBUTING, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: WESTERN PACIFIC DISTRIBUTING, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN PACIFIC DISTRIBUTING, LLC 401(K) PROFIT SHARING PLAN, WESTERN PACIFIC DISTRIBUTING, LLC

WESTERN PACIFIC DISTRIBUTING, LLCEIN 33-0989706Plan #001PY 2024

341 WEST MEATS AVE. - ORANGE, CA 92865714-974-6837teamwpd.comLinkedIn11-50 employeeswholesale

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$23.6M

+18.2% from 2023

Total participants

162

-1.2% from 2023

Average account balance

$145,374

+19.6% from 2023

Annual return

10.94%

-3.61 pp from 2023

Benchmarks

See 2,318 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,318 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.55M

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

162

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.70M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$13K

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

+10.94%

Not enough data

1 years with return on file

Admin fee / account holder

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

$333

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$48,604
OSAIC WEALTH INC1 year Filed as: OSAIC FA INC Service code 27 1300 S CLINTON ST · FORT WAYNE, IN 46802	Advisory (Plan)	$28,605
PENSON PLUS INC2 years Filed as: PENSON BENEFITS UNLIMITED, INC. Service code 15 · EIN 33-0499726	Recordkeeping	$5,947

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$54K

$418 / participant

Recordkeeping$48K89.0%
Contract admin$6K11.0%

% of EOY assets

0.229%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES
Auditor EIN: 953001179
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$145,374

$59,402+144.7%

$93,654+55.2%

$74,546+95.0%

Participation rate

100.0%

59.7%+40.3pp

68.7%+31.3pp

67.2%+32.8pp

Annual return

10.94%

81.86%-70.9pp

133.34%-122.4pp

1366.03%-1355.1pp

Employer contribution / active EE

$7,970

$1,265+530.2%

$2,421+229.2%

$2,624+203.7%

Participant deferral / active EE

$5,184

$3,049+70.0%

$4,413+17.5%

$4,347+19.2%

Admin fee / account holder

$333

$3,023-89.0%

$8,282-96.0%

$1,944-82.9%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$48,604

OSAIC WEALTH INC1 year

Filed as: OSAIC FA INC

Service code 27

1300 S CLINTON ST · FORT WAYNE, IN 46802

Advisory (Plan)

$28,605

PENSON PLUS INC2 years

Filed as: PENSON BENEFITS UNLIMITED, INC.

Service code 15 · EIN 33-0499726

Recordkeeping

$5,947

WESTERN PACIFIC DISTRIBUTING, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN PACIFIC DISTRIBUTING, LLC 401(K) PROFIT SHARING 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