Retirement plan

WESTPORT RETIREMENT PLAN

Name: WESTPORT, LLC - WESTPORT RETIREMENT PLAN (2021) Form 5500
Creator: WESTPORT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTPORT RETIREMENT PLAN, WESTPORT, LLC

WESTPORT, LLCEIN 46-5463541Plan #001PY 2021

16201 EAST MAIN STREET - CUT OFF, LA 70345985-601-4219

Prospect flagsLow returnsLow employer contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$11.3M

-11.6% from 2020

Total participants

300

-7.4% from 2020

Average account balance

$44,067

+0.5% from 2020

Annual return

10.75%

-0.70 pp from 2020

Benchmarks

See 4,053 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,053 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$11.01M

Not enough data

1 years with asset history on file

Average account balance

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

$51K

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.

215

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.

66.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$386K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+12.72%

Not enough data

1 years with return on file

Admin fee / account holder

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

$50

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
ASCENSUS LLC7+ years Filed as: RETIREMENT STRATEGIES GROUP, LLC Service code 13 800 W. COMMERCE RD. STE 105 · NEW ORLEANS, LA 70123	Contract Administrator	$20,575
MATRIX TRUST COMPANY1 year Service code 18 · EIN 75-3182674	Float revenue; Custodial (securities)...	$0
MATRIX TRUST COMPANY1 year Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC Service code 59 · EIN 33-1151291	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D

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.

Opportunity flags

3 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
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

$26K

$172 / participant

Investment mgmt$4K15.8%
Contract admin$22K84.2%

% of EOY assets

0.232%

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: POSTLETHWAITE & NETTERVILLE
Auditor EIN: 721202445
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,067

$84,940-48.1%

$111,306-60.4%

$79,389-44.5%

Participation rate

71.1%

75.9%-4.8pp

77.3%-6.3pp

70.7%+0.3pp

Annual return

10.75%

17.45%-6.7pp

54.67%-43.9pp

116.89%-106.1pp

Employer contribution / active EE

$1,979-100.0%

$2,732-100.0%

$2,428-100.0%

Participant deferral / active EE

$2,667

$3,889-31.4%

$4,488-40.6%

$4,046-34.1%

Admin fee / account holder

$102

$537-81.0%

$7,966-98.7%

$626-83.7%

Provider

Service type

Compensation

ASCENSUS LLC7+ years

Filed as: RETIREMENT STRATEGIES GROUP, LLC

Service code 13

800 W. COMMERCE RD. STE 105 · NEW ORLEANS, LA 70123

Contract Administrator

$20,575

MATRIX TRUST COMPANY1 year

Service code 18 · EIN 75-3182674

Float revenue; Custodial (securities)...

MATRIX TRUST COMPANY1 year

Filed as: MSCS FS DIV OF BROADRIDGE BPO, LLC

Service code 59 · EIN 33-1151291

Shareholder Servicing

WESTPORT RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTPORT RETIREMENT 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