Retirement plan

WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Name: WESTLAKE SERVICES HOLDING COMPANY - WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN (2017) Form 5500
Creator: WESTLAKE SERVICES HOLDING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN, WESTLAKE SERVICES HOLDING COMPANY

WESTLAKE SERVICES HOLDING COMPANYEIN 61-1636987Plan #002PY 2017

4751 WILSHIRE BOULEVARD, SUITE 110 - LOS ANGELES, CA 900103838323-692-4026LinkedIn1-10 employeesbanking

Prospect flagsLow participationLow participant contributionFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$165M

-12.2% from 2016

Total participants

2,232

-10.4% from 2016

Average account balance

$154,373

-3.4% from 2016

Annual return

30.01%

-4.07 pp from 2016

Benchmarks

See 142 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort142 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$507.28M

Not enough data

1 years with asset history on file

Average account balance

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

$336K

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.

1,510

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.

67.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$13.99M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+9.96%

Not enough data

1 years with return on file

Admin fee / account holder

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

$2637

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
SES ADVISORS, INC.3+ years Service code 15 · EIN 04-3760707 555 CITY AVENUE, SUITE 910 · BALA CYNWYD, PA 19004	Recordkeeping	$59,257
KOBAYASHI & COMPANY3+ years Filed as: KOBAYASHI & CO Service code 34 · EIN 95-4297925 3871 E. COLORADO BLVD. · PASADENA, CA 91107	Valuation (appraisals, etc.)	$12,500

Plan features & details

Pension benefit codes2J2K2O2Q3H3I

Plan features

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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant 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).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$77K

$37 / participant

Other / not subdivided$77K100.0%

% of EOY assets

0.047%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KOBAYASHI & COMPANY
Auditor EIN: 954297925
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$154,373

$117,734+31.1%

$115,752+33.4%

$77,958+98.0%

Participation rate

43.9%

82.0%-38.2pp

77.8%-33.9pp

71.6%-27.8pp

Annual return

30.01%

17.65%+12.4pp

19.41%+10.6pp

20.87%+9.1pp

Employer contribution / active EE

$882

$2,736-67.8%

$3,492-74.7%

$2,310-61.8%

Participant deferral / active EE

$1,933

$4,435-56.4%

$5,204-62.9%

$3,537-45.4%

Admin fee / account holder

$72

$75-3.4%

$6,278-98.8%

$97-25.7%

Provider

Service type

Compensation

SES ADVISORS, INC.3+ years

Service code 15 · EIN 04-3760707

555 CITY AVENUE, SUITE 910 · BALA CYNWYD, PA 19004

Recordkeeping

$59,257

KOBAYASHI & COMPANY3+ years

Filed as: KOBAYASHI & CO

Service code 34 · EIN 95-4297925

3871 E. COLORADO BLVD. · PASADENA, CA 91107

Valuation (appraisals, etc.)

$12,500

WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP 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