Retirement plan

WESTMINSTER COMPANY RETIREMENT SAVINGS PLAN

Name: WESTMINSTER COMPANY - WESTMINSTER COMPANY RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: WESTMINSTER COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTMINSTER COMPANY RETIREMENT SAVINGS PLAN, WESTMINSTER COMPANY

WESTMINSTER COMPANYEIN 56-0086520Plan #001PY 2024

3859 BATTLEGROUND AVE, SUITE 100 - GREENSBORO, NC 27410336-675-1552westminstercompany.comLinkedIn51-200 employeesreal estate

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$10.4M

+15.0% from 2023

Total participants

196

+9.5% from 2023

Average account balance

$58,384

-2.4% from 2023

Annual return

10.66%

-0.34 pp from 2023

Benchmarks

See 1,092 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,092 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$10.39M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

178

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.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$714K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+10.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$292

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 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INS CO Service code 13 8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$12,897
GLOBAL RETIREMENT PARTNERS LLC4 years Service code 27 4340 REDWOOD HWY · SAN RAFAEL, CA 94903	Advisory (Plan)	$12,897
WELLTH ADVISORY SERVICES LLC1 year Filed as: WELLTH ADVISORY SVC LLC Service code 27 722 ESSINGTON RD STE A · JOLIET, IL 60435	Advisory (Plan)	$10,050
STRATEGIC ADVISORS, INC.3 years Filed as: STRATEGIC RETIREMENT ADMIN, LLC Service code 13	Contract Administrator	$9,178
DAUBY O'CONNOR & ZALESKI, LLC5+ years Service code 10 501 CONGRESSIONAL BLVD. · CARMEL, IN 46032	Accounting	$8,000
STRATEGIC ADVISORS, INC.3 years Filed as: STRATEGIC RETIREMENT ADMINSTRATION Service code 13 · EIN 27-4018270 5603B W FRIENDLY AVE · GREENSBORO, NC 27410	Contract Administrator	$6,013

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$52K

$321 / participant

Recordkeeping$52K100.0%

% of EOY assets

0.500%

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: DAUBY O'CONNOR & ZALESKI LLC
Auditor EIN: 351750664
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,384

$73,459-20.5%

$178,528-67.3%

$74,429-21.6%

Participation rate

88.9%

66.5%+22.4pp

77.1%+11.8pp

67.2%+21.7pp

Annual return

10.66%

17.50%-6.8pp

27.11%-16.4pp

1368.38%-1357.7pp

Employer contribution / active EE

$1,137

$2,219-48.7%

$3,950-71.2%

$2,625-56.7%

Participant deferral / active EE

$3,269

$4,515-27.6%

$6,278-47.9%

$4,348-24.8%

Admin fee / account holder

$292

$1,812-83.9%

$10,419-97.2%

$1,944-85.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INS CO

Service code 13

8515 E ORCHARD RD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$12,897

GLOBAL RETIREMENT PARTNERS LLC4 years

Service code 27

4340 REDWOOD HWY · SAN RAFAEL, CA 94903

Advisory (Plan)

$12,897

WELLTH ADVISORY SERVICES LLC1 year

Filed as: WELLTH ADVISORY SVC LLC

Service code 27

722 ESSINGTON RD STE A · JOLIET, IL 60435

Advisory (Plan)

$10,050

STRATEGIC ADVISORS, INC.3 years

Filed as: STRATEGIC RETIREMENT ADMIN, LLC

Service code 13

Contract Administrator

$9,178

DAUBY O'CONNOR & ZALESKI, LLC5+ years

Service code 10

501 CONGRESSIONAL BLVD. · CARMEL, IN 46032

Accounting

$8,000

STRATEGIC ADVISORS, INC.3 years

Filed as: STRATEGIC RETIREMENT ADMINSTRATION

Service code 13 · EIN 27-4018270

5603B W FRIENDLY AVE · GREENSBORO, NC 27410

Contract Administrator

$6,013

WESTMINSTER COMPANY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTMINSTER COMPANY RETIREMENT SAVINGS 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