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 (2022) 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 2022

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$18.4M

-10.9% from 2021

Total participants

165

+3.8% from 2021

Average account balance

$111,814

-14.1% from 2021

Annual return

-13.27%

-22.77 pp from 2021

Benchmarks

See 2,205 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,205 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.8+ years Filed as: MASS MUTUAL LIFE INSURANCE CO Service code 62 · EIN 04-1590850	Float revenue; Recordkeeping fees	$45,703
LINCOLN NATIONAL CORPORATION6 years Filed as: LINCOLN FINANCIAL ADVISORS CORP. Service code 27	Advisory (Plan)	$20,743
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO OF AMERICA Service code 64 · EIN 84-0467907	Recordkeeping Fees	$8,528
LINCOLN NATIONAL CORPORATION8+ years Filed as: LINCOLN FINANCIAL ADVISORS CORP Service code 27 · EIN 35-1151034	Advisory (Plan)	$3,936
PENSION ASSURANCE LLP3 years Filed as: PENSION BENEFITS UNLIMITED, INC. Service code 15 · EIN 33-0499726	Recordkeeping	$3,042

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

$57K

$434 / participant

Investment mgmt$43K75.0%
Contract admin$11K19.7%
Other / not subdivided$3K5.3%

% of EOY assets

0.310%

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

$111,814

$49,451+126.1%

$79,580+40.5%

$66,938+67.0%

Participation rate

100.0%

61.3%+38.7pp

69.5%+30.5pp

69.8%+30.2pp

Annual return

-13.27%

84.25%-97.5pp

0.15%-13.4pp

1.58%-14.9pp

Employer contribution / active EE

$6,717

$1,266+430.8%

$2,413+178.3%

$2,545+163.9%

Participant deferral / active EE

$4,031

$3,159+27.6%

$3,985+1.2%

$4,238-4.9%

Admin fee / account holder

$347

$595-41.6%

$6,835-94.9%

$594-41.5%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.8+ years

Filed as: MASS MUTUAL LIFE INSURANCE CO

Service code 62 · EIN 04-1590850

Float revenue; Recordkeeping fees

$45,703

LINCOLN NATIONAL CORPORATION6 years

Filed as: LINCOLN FINANCIAL ADVISORS CORP.

Service code 27

Advisory (Plan)

$20,743

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO OF AMERICA

Service code 64 · EIN 84-0467907

Recordkeeping Fees

$8,528

LINCOLN NATIONAL CORPORATION8+ years

Filed as: LINCOLN FINANCIAL ADVISORS CORP

Service code 27 · EIN 35-1151034

Advisory (Plan)

$3,936

PENSION ASSURANCE LLP3 years

Filed as: PENSION BENEFITS UNLIMITED, INC.

Service code 15 · EIN 33-0499726

Recordkeeping

$3,042

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