Retirement plan

WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Name: WESTLAKE SERVICES HOLDING COMPANY - WESTLAKE SERVICES HOLDING COMPANY EMPLOYEE STOCK OWNERSHIP PLAN (2022) 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 2022

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

Prospect flagsLow participationHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$506.1M

-12.2% from 2016

Total participants

2,120

-10.4% from 2016

Average account balance

$326,323

-3.4% from 2016

Annual return

-2.48%

-4.07 pp from 2016

Benchmarks

See 147 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants1,000-4,999

Cohort147 peers

Snapshot2022

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

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

Service providers

Top 4 by compensation

Provider	Service type	Compensation
STEVENS & LEE2 years Filed as: STEVEN & LEE Service code 29 · EIN 23-1886296	Legal	$215,525
PRINCIPAL LIFE INSURANCE COMPANY2 years Filed as: PRINCIPAL Service code 14 · EIN 42-0127290	Plan Administrator	$92,161
KOBAYASHI & COMPANY2 years Service code 10 · EIN 95-4297925	Accounting	$37,000
KPMG LLP3 years Filed as: KPMG Service code 34 · EIN 13-5565207	Valuation (appraisals, etc.); Other fees	$31,750

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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$377K

$208 / participant

Investment mgmt$8580.2%
Contract admin$92K24.4%
Other / not subdivided$284K75.3%

% of EOY assets

0.075%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$326,323

$140,190+132.8%

$115,756+181.9%

$77,906+318.9%

Participation rate

68.7%

81.0%-12.3pp

77.1%-8.4pp

73.7%-5.0pp

Annual return

-2.48%

-13.46%+11.0pp

143.14%-145.6pp

12.16%-14.6pp

Employer contribution / active EE

$2,293

$3,169-27.6%

$3,793-39.5%

$2,846-19.4%

Participant deferral / active EE

$5,591

$5,401+3.5%

$6,254-10.6%

$4,805+16.3%

Admin fee / account holder

$243

$138+75.7%

$8,124-97.0%

$133+83.5%

Provider

Service type

Compensation

STEVENS & LEE2 years

Filed as: STEVEN & LEE

Service code 29 · EIN 23-1886296

Legal

$215,525

PRINCIPAL LIFE INSURANCE COMPANY2 years

Filed as: PRINCIPAL

Service code 14 · EIN 42-0127290

Plan Administrator

$92,161

KOBAYASHI & COMPANY2 years

Service code 10 · EIN 95-4297925

Accounting

$37,000

KPMG LLP3 years

Filed as: KPMG

Service code 34 · EIN 13-5565207

Valuation (appraisals, etc.); Other fees

$31,750

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