Retirement plan

WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Name: WESTLAKE SERVICES HOLDING COMPANY - WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN (2020) 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 2020

4751 WILSHIRE BLVD STE 110 - LOS ANGELES, CA 90010323-692-8800LinkedIn1-10 employeesbanking

Prospect flagsLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$271.3M

-12.2% from 2016

Total participants

2,153

-10.4% from 2016

Average account balance

$199,199

-3.4% from 2016

Annual return

18.19%

-4.07 pp from 2016

Benchmarks

See 133 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort133 peers

Snapshot2020

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 4 by compensation

Provider	Service type	Compensation
ASCENSUS LLC2 years Filed as: ASCENSUS Service code 15 · EIN 82-3719843	Recordkeeping	$105,858
KPMG LLP1 year Filed as: KPMG Service code 34 · EIN 13-5565207	Direct payment from the plan; Valuati...	$43,500
WELLS FARGO BANK, N.A.1 year Filed as: WELLS FARGO Service code 27 · EIN 41-6257133	Advisory (Plan)	$19,761
KOBAYASHI & COMPANY6+ years Filed as: KOBAYASHI & CO Service code 10 · EIN 95-4297925	Accounting	$17,500

Plan features & details

Pension benefit codes2I2J2K2O2Q3H3I

Plan features

2I
Stock bonus
Stock bonus plan.
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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

$240K

$122 / participant

Investment mgmt$2K0.6%
Contract admin$126K52.8%
Other / not subdivided$112K46.6%

% of EOY assets

0.088%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$199,199

$143,525+38.8%

$379,746-47.5%

$90,274+120.7%

Participation rate

59.8%

82.9%-23.1pp

78.4%-18.6pp

73.4%-13.5pp

Annual return

18.19%

18.97%-0.8pp

34.90%-16.7pp

53.97%-35.8pp

Employer contribution / active EE

$1,520

$3,201-52.5%

$3,540-57.1%

$2,523-39.8%

Participant deferral / active EE

$3,417

$5,231-34.7%

$6,024-43.3%

$4,231-19.2%

Admin fee / account holder

$176

$100+75.2%

$7,927-97.8%

$114+54.2%

Provider

Service type

Compensation

ASCENSUS LLC2 years

Filed as: ASCENSUS

Service code 15 · EIN 82-3719843

Recordkeeping

$105,858

KPMG LLP1 year

Filed as: KPMG

Service code 34 · EIN 13-5565207

Direct payment from the plan; Valuati...

$43,500

WELLS FARGO BANK, N.A.1 year

Filed as: WELLS FARGO

Service code 27 · EIN 41-6257133

Advisory (Plan)

$19,761

KOBAYASHI & COMPANY6+ years

Filed as: KOBAYASHI & CO

Service code 10 · EIN 95-4297925

Accounting

$17,500

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