Retirement plan

WESTSIDE DB LLC 401(K) PLAN

Name: WESTSIDE DB LLC - WESTSIDE DB LLC 401(K) PLAN (2022) Form 5500
Creator: WESTSIDE DB LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTSIDE DB LLC 401(K) PLAN, WESTSIDE DB LLC

WESTSIDE DB LLCdba DUTCH BROTHERS COFFEE WESTEIN 46-3562666Plan #001PY 2022

8716 W. LUDLOW DR., STE #10 - PEORIA, AZ 85381480-399-7697

Prospect flagsLow returnsLow participation

How to read this page

Total assets (EOY)

$1.2M

-24.3% from 2021

Total participants

188

+5.0% from 2021

Average account balance

$10,215

-26.4% from 2021

Annual return

-32.76%

-49.45 pp from 2021

Benchmarks

See 1,006 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.00M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

115

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.

5.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$287K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$281

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

+14.48%

Not enough data

1 years with return on file

Admin fee / account holder

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

$135

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 2 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.1 year Service code 13 · EIN 27-2037969	Contract Administrator	$14,989
COUNTRY TRUST BANK4 years Service code 15 1705 TOWANDA AVE · BLOOMINGTON, IL 61701	Recordkeeping	$3,115

Plan features & details

Pension benefit codes2E2F2G2J2T3B3D3H

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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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 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.

Expense breakdown

Schedule H Part II

Admin total

$19K

$161 / participant

Contract admin$15K83.2%
Other / not subdivided$3K16.8%

% of EOY assets

1.606%

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: MAYER HOFFMAN MCCANN P.C.
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$10,215

$26,549-61.5%

$61,399-83.4%

$66,930-84.7%

Participation rate

34.8%

38.1%-3.3pp

52.6%-17.8pp

69.8%-35.0pp

Annual return

-32.76%

-16.21%-16.5pp

338.81%-371.6pp

1.57%-34.3pp

Employer contribution / active EE

$679

$651+4.3%

$1,159-41.4%

$2,545-73.3%

Participant deferral / active EE

$1,209

$1,338-9.6%

$2,124-43.1%

$4,238-71.5%

Admin fee / account holder

$164

$409-59.8%

$2,131-92.3%

$593-72.3%

Provider

Service type

Compensation

NEWPORT GROUP, INC.1 year

Service code 13 · EIN 27-2037969

Contract Administrator

$14,989

COUNTRY TRUST BANK4 years

Service code 15

1705 TOWANDA AVE · BLOOMINGTON, IL 61701

Recordkeeping

$3,115

WESTSIDE DB LLC 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTSIDE DB LLC 401(K) 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