Retirement plan

WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN

Name: WESTEX BANCORP, INC. - WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN (2016) Form 5500
Creator: WESTEX BANCORP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN, WESTEX BANCORP, INC.

WESTEX BANCORP, INC.EIN 74-2102966Plan #002PY 2016

PO BOX 4010 - DEL RIO, TX 78841830-774-2555

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$11.6M

+10.0% from 2015

Total participants

137

+2.2% from 2015

Average account balance

$90,971

+12.5% from 2015

Annual return

5.69%

+4.49 pp from 2015

Benchmarks

See 245 peers

Peer group

Industry55 - Management of Companies and Enterprises

Plan typeDefined contribution

Participants100-249

Cohort245 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$30.99M

Not enough data

1 years with asset history on file

Average account balance

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

$180K

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.

172

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$820K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+17.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$63

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
FISHER INVESTMENTS1 year Filed as: FISHER, HERBST & KEMBLE, P.C. Service code 10 · EIN 74-2584861	Accounting	$9,450
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786	Loan Processing	$600

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
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

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$10K

$86 / participant

Other / not subdivided$10K100.0%

% of EOY assets

0.086%

all-in expense ratio

Categories reported

0 / 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: FISHER, HERBST & KEMBLE, P.C.
Auditor EIN: 742584861
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$90,971

$56,171+62.0%

$108,745-16.3%

$55,167+64.9%

Participation rate

92.3%

70.7%+21.6pp

77.7%+14.6pp

69.0%+23.3pp

Annual return

5.69%

214.86%-209.2pp

46.22%-40.5pp

169.23%-163.5pp

Employer contribution / active EE

$3,650

$2,153+69.5%

$3,323+9.8%

$1,963+86.0%

Participant deferral / active EE

$3,449

$3,437+0.4%

$5,121-32.6%

$3,054+12.9%

Admin fee / account holder

$79

$302-74.0%

$6,144-98.7%

$504-84.4%

Provider

Service type

Compensation

FISHER INVESTMENTS1 year

Filed as: FISHER, HERBST & KEMBLE, P.C.

Service code 10 · EIN 74-2584861

Accounting

$9,450

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

Loan Processing

$600

WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTEX BANCORP, INC. PRE-TAX SAVINGS AND PROFIT SHARING 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