Retirement plan

WESTLAKE SAVINGS PLAN

Name: WESTLAKE MANAGEMENT SERVICES INC - WESTLAKE SAVINGS PLAN (2017) Form 5500
Creator: WESTLAKE MANAGEMENT SERVICES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTLAKE SAVINGS PLAN, WESTLAKE MANAGEMENT SERVICES INC

WESTLAKE MANAGEMENT SERVICES INCEIN 76-0321065Plan #004PY 2017

2801 POST OAK BLVD, SUITE 600 - HOUSTON, TX 770566110713-585-7928LinkedIn1001-5000 employeeschemicals

Other plans on this EIN

2 filings

#002Retirement-$634.4M assets #001Retirement-$18.7M assets

Prospect flagsHigh cash

How to read this page

Total assets (EOY)

$898.5M

-9.6% from 2016

Total participants

6,756

-4.4% from 2016

Average account balance

$146,140

-4.5% from 2016

Annual return

122.63%

-5.84 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort52 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.02B

Not enough data

1 years with asset history on file

Average account balance

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

$146K

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.

13,853

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.

96.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$172.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+13.15%

Not enough data

1 years with return on file

Admin fee / account holder

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

$127

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 5 by compensation

Provider	Service type	Compensation
MERRILL LYNCH PIERCE FENNER & SMITH1 year Filed as: MERRILL LYNCH PIERCE FENNER AND SMI Service code 15 · EIN 13-5674085	Recordkeeping	$28,920
GARY A NAGLER PLLC1 year Filed as: GARY A NAGLER & ASSOCIATES Service code 16 4888 LOOP CENTRAL DRIVE, STE 520 · HOUSTON, TX 77056	Consulting	$20,691
T ROWE PRICE RPS INC3+ years Service code 37 100 ESAT PRATT STREE · BALTIMORE, MD 21202	Loan Processing	$17,491
MORGAN STANLEY SMITH BARNEY3+ years Filed as: MORGAN STANLEY Service code 27 1585 BROADWAY, STE 475 · NEW YORK, NY 10036	Advisory (Plan)	$12,500
HAM, LANGSTON & BREZINA, LLP1 year Filed as: HAM LANGSTON & BREZINA LLP Service code 10 11550 FUQUA, STE 475 · HOUSTON, TX 77034	Accounting	$10,543

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3H

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.
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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

1 tripped

OpportunityHigh cash
More than 10% of assets are held in cash - possible menu-design or default-fund problem.

Expense breakdown

Schedule H Part II

Admin total

$283K

$46 / participant

Investment mgmt$251K88.9%
Other / not subdivided$31K11.1%

% of EOY assets

0.031%

all-in expense ratio

Categories reported

1 / 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

$146,140

$2,226,388-93.4%

$91,004+60.6%

$177,276-17.6%

Participation rate

90.2%

85.1%+5.0pp

75.6%+14.6pp

74.8%+15.3pp

Annual return

122.63%

20.16%+102.5pp

4.60%+118.0pp

21.25%+101.4pp

Employer contribution / active EE

$7,837

$4,139+89.3%

$2,456+219.1%

$2,479+216.1%

Participant deferral / active EE

$6,391

$6,423-0.5%

$3,548+80.2%

$3,881+64.7%

Admin fee / account holder

$46

$1,921-97.6%

$5,417-99.2%

$154-70.2%

Provider

Service type

Compensation

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Filed as: MERRILL LYNCH PIERCE FENNER AND SMI

Service code 15 · EIN 13-5674085

Recordkeeping

$28,920

GARY A NAGLER PLLC1 year

Filed as: GARY A NAGLER & ASSOCIATES

Service code 16

4888 LOOP CENTRAL DRIVE, STE 520 · HOUSTON, TX 77056

Consulting

$20,691

T ROWE PRICE RPS INC3+ years

Service code 37

100 ESAT PRATT STREE · BALTIMORE, MD 21202

Loan Processing

$17,491

MORGAN STANLEY SMITH BARNEY3+ years

Filed as: MORGAN STANLEY

Service code 27

1585 BROADWAY, STE 475 · NEW YORK, NY 10036

Advisory (Plan)

$12,500

HAM, LANGSTON & BREZINA, LLP1 year

Filed as: HAM LANGSTON & BREZINA LLP

Service code 10

11550 FUQUA, STE 475 · HOUSTON, TX 77034

Accounting

$10,543

WESTLAKE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTLAKE SAVINGS 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