Retirement plan

WESTWOOD HOLDINGS GROUP, INC. SAVINGS PLAN

Name: WESTWOOD HOLDINGS GROUP, INC. - WESTWOOD HOLDINGS GROUP, INC. SAVINGS PLAN (2018) Form 5500
Creator: WESTWOOD HOLDINGS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTWOOD HOLDINGS GROUP, INC. SAVINGS PLAN, WESTWOOD HOLDINGS GROUP, INC.

WESTWOOD HOLDINGS GROUP, INC.EIN 75-2969997Plan #001PY 2018

200 CRESCENT COURT, SUITE 1200 - DALLAS, TX 752011855214-756-6900westwoodgroup.comLinkedIn51-200 employeesinvestment management

Prospect flagsLow returnsHigh fees

Top hat statement on fileNQDC

Filed March 9, 2006 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$46.2M

-8.3% from 2017

Total participants

212

+6.5% from 2017

Average account balance

$219,955

-13.6% from 2017

Annual return

-6.49%

-20.21 pp from 2017

Benchmarks

See 2,193 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,193 peers

Snapshot2018

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$62.82M

Not enough data

1 years with asset history on file

Average account balance

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

$332K

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.

189

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.

99.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$32K

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

+16.28%

Not enough data

1 years with return on file

Admin fee / account holder

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

$28

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
WESTWOOD TRUST4+ years Service code 21 · EIN 75-1447785	Bank Trustee	$116,585
BOKF, NA3+ years Filed as: BOK FINANCIAL ASSET MANAGEMENT, INC Service code 15 · EIN 74-2009441	Recordkeeping	$13,345
CHARLES SCHWAB & CO., INC.4+ years Service code 33 · EIN 94-1737782	Securities brokerage	$850
CHARLES SCHWAB & CO., INC.3+ years Filed as: CHARLES SCHWAB BANK Service code 19 · EIN 42-1558009	Securities Custodian	$0

Reportable transactions (Schedule G)

2 rows

Counterparties on defaulted loans (Part 1), defaulted leases (Part 2), and non-exempt prohibited transactions (Part 3). Presence of any row warrants fiduciary review.

Category	Counterparty	Relationship / Terms	Address	Amount
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX
Part 1 Loan in default	Counterparty name	Party in interest Five-year promissory note	1234 Example Ave City, ST 00000	$XXX,XXX

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Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$131K

$792 / participant

Investment mgmt$117K88.7%
Contract admin$4K3.4%
Other / not subdivided$10K7.9%

% of EOY assets

0.285%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: CORNWELL JACKSON, PLLC
Auditor EIN: 274461251
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$219,955

$79,523+176.6%

$140,016+57.1%

$56,287+290.8%

Participation rate

98.8%

85.7%+13.1pp

87.5%+11.3pp

69.9%+28.9pp

Annual return

-6.49%

2.39%-8.9pp

651.12%-657.6pp

-9.96%+3.5pp

Employer contribution / active EE

$14,507

$3,350+333.0%

$5,606+158.8%

$2,111+587.2%

Participant deferral / active EE

$12,432

$5,129+142.4%

$6,927+79.5%

$3,350+271.1%

Admin fee / account holder

$626

$614+1.9%

$10,705-94.2%

$521+20.1%

Provider

Service type

Compensation

WESTWOOD TRUST4+ years

Service code 21 · EIN 75-1447785

Bank Trustee

$116,585

BOKF, NA3+ years

Filed as: BOK FINANCIAL ASSET MANAGEMENT, INC

Service code 15 · EIN 74-2009441

Recordkeeping

$13,345

CHARLES SCHWAB & CO., INC.4+ years

Service code 33 · EIN 94-1737782

Securities brokerage

$850

CHARLES SCHWAB & CO., INC.3+ years

Filed as: CHARLES SCHWAB BANK

Service code 19 · EIN 42-1558009

Securities Custodian

WESTWOOD HOLDINGS GROUP, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTWOOD HOLDINGS GROUP, INC. SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Reportable transactions (Schedule G)

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