Retirement plan

WESTLAKE SALARIED EMPLOYEES' DEFINED BENEFIT PLAN

Name: WESTLAKE MANAGEMENT SERVICES, INC. - WESTLAKE SALARIED EMPLOYEES' DEFINED BENEFIT PLAN (2018) Form 5500
Creator: WESTLAKE MANAGEMENT SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTLAKE SALARIED EMPLOYEES' DEFINED BENEFIT PLAN, WESTLAKE MANAGEMENT SERVICES, INC.

WESTLAKE MANAGEMENT SERVICES, INC.EIN 76-0321065Plan #002PY 2018

2801 POST OAK BLVD., 6TH FLOOR - HOUSTON, TX 770566136713-960-9111LinkedIn1001-5000 employeeschemicals

Other plans on this EIN

2 filings

#004Retirement-$862.2M assets #001Retirement-$483.9M assets

Prospect flagsRecently cancelled planLow returnsWind-down / frozen

How to read this page

Total assets (EOY)

-1.1% from 2016

Total participants

+1.4% from 2016

Average account balance

No prior year

Annual return

-95.55%

-6.52 pp from 2016

Benchmarks

See 700 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined benefit

Participants<25

Cohort700 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

Not enough data

1 years with asset history on file

Average account balance

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

Not enough data

0 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

0 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

Not enough data

0 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$77K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

Not enough data

0 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

-95.55%

Not enough data

1 years with return on file

Admin fee / account holder

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

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 7 by compensation

Provider	Service type	Compensation
WILLIS TOWERS WATSON US LLC2 years Filed as: TOWERS WATSON DELAWARE Service code 11 · EIN 53-0181291	Actuarial	$343,740
WESTERN ASSET MANAGEMENT COMPANY2 years Filed as: WESTERN ASSET MANAGEMENT Service code 28 · EIN 95-2705767	Investment Management	$280,435
RIDGEWORTH1 year Filed as: MONTAG & CALDWELL Service code 28 · EIN 32-0360666	Investment Management	$166,504
NORTHERN TRUST COMPANY1 year Filed as: THE NORTHERN TRUST COMPANY Service code 21 · EIN 36-1561860	Bank Trustee	$117,806
BLACKROCK1 year Service code 21 · EIN 94-3112180	Bank Trustee	$66,615
GARY A NAGLER PLLC1 year Filed as: GARY A. NAGLER, P.L.L.C. Service code 29 · EIN 76-0622745	Legal	$11,743
RETIREMENT HORIZONS INC.1 year Filed as: RETIREMENT HORIZONS, INC. Service code 11 · EIN 76-0551734	Actuarial	$6,650

Enrolled actuary

1 attachment

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

Plan features & details

Pension benefit codes1A1B1C1D1I1H3H

Plan features

1A
Benefits are primarily pay related
Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
1B
Benefits are primarily flat dollar
Benefits are primarily a flat dollar amount (including a dollar amount per year of service).
1C
Cash balance or similar plan
A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
1D
Floor-offset plan
Defined benefit plan whose benefits are offset by retirement benefits provided under an employer-sponsored defined contribution plan.
1H
PBGC terminated and closed out plan
Plan covered by PBGC that was terminated and closed out for PBGC purposes (standard or distress termination with distribution of plan assets or trustee appointed under ERISA section 4042).
1I
Frozen plan
As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalWind-down / frozen
Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.
InformationalRecently cancelled plan
Plan reported a final filing / termination within the last year.

Expense breakdown

Schedule H Part II

Admin total

$996K

Investment mgmt$514K51.6%
Contract admin$118K11.8%
Other / not subdivided$364K36.6%

% of EOY assets

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: HAM, LANGSTON & BREZINA, LLP
Auditor EIN: 760448495
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,828-100.0%

$476,019-100.0%

$233,076-100.0%

Participation rate

0.0%

10.9%-10.9pp

5.3%-5.3pp

46.4%-46.4pp

Annual return

-95.55%

-0.75%-94.8pp

4.36%-99.9pp

-82.67%-12.9pp

Employer contribution / active EE

$45,586-100.0%

$27,383-100.0%

$43,771-100.0%

Participant deferral / active EE

$51-100.0%

$75-100.0%

$103-100.0%

Admin fee / account holder

$6,727-100.0%

$14,020-100.0%

$11,204-100.0%

Provider

Service type

Compensation

WILLIS TOWERS WATSON US LLC2 years

Filed as: TOWERS WATSON DELAWARE

Service code 11 · EIN 53-0181291

Actuarial

$343,740

WESTERN ASSET MANAGEMENT COMPANY2 years

Filed as: WESTERN ASSET MANAGEMENT

Service code 28 · EIN 95-2705767

Investment Management

$280,435

RIDGEWORTH1 year

Filed as: MONTAG & CALDWELL

Service code 28 · EIN 32-0360666

Investment Management

$166,504

NORTHERN TRUST COMPANY1 year

Filed as: THE NORTHERN TRUST COMPANY

Service code 21 · EIN 36-1561860

Bank Trustee

$117,806

BLACKROCK1 year

Service code 21 · EIN 94-3112180

Bank Trustee

$66,615

GARY A NAGLER PLLC1 year

Filed as: GARY A. NAGLER, P.L.L.C.

Service code 29 · EIN 76-0622745

Legal

$11,743

RETIREMENT HORIZONS INC.1 year

Filed as: RETIREMENT HORIZONS, INC.

Service code 11 · EIN 76-0551734

Actuarial

$6,650

WESTLAKE SALARIED EMPLOYEES' DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTLAKE SALARIED EMPLOYEES' DEFINED BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Enrolled actuary

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