Retirement plan

WPROMOTE 401(K)PLAN

Name: WPROMOTE, LLC - WPROMOTE 401(K)PLAN (2023) Form 5500
Creator: WPROMOTE, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPROMOTE 401(K)PLAN, WPROMOTE, LLC

WPROMOTE, LLCEIN 82-4550413Plan #001PY 2023

101 CONTINENTAL BLVD., SUITE 150 - EL SEGUNDO, CA 90245310-421-4844wpromote.comLinkedIn501-1000 employeesmarketing and advertising

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$35.7M

+42.8% from 2022

Total participants

871

-3.8% from 2022

Average account balance

$42,112

+50.1% from 2022

Annual return

24.05%

+38.13 pp from 2022

Benchmarks

See 3,232 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,232 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$45.48M

Not enough data

1 years with asset history on file

Average account balance

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

$54K

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.

840

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+19.45%

Not enough data

1 years with return on file

Admin fee / account holder

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

$276

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 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL2+ years Service code 37 · EIN 04-2647786 245 SUMMER STREET · BOSTON, MA 02210	Loan Processing	$114,404
AMERICAN FUNDS2+ years Filed as: REGATTA CAPITAL GROUP LLC Service code 27 · EIN 26-0825177 2321 ROSECRANS AVE., SUITE 2225 · EL SEGUNDO, CA 90245	Advisory (Plan)	$83,212

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.
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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$198K

$349 / participant

Recordkeeping$114K57.9%
Investment mgmt$83K42.1%

% of EOY assets

0.554%

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: GREEN HASSON & JANKS
Auditor EIN: 951777440
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,112

$95,417-55.9%

$135,974-69.0%

$74,460-43.4%

Participation rate

95.8%

78.2%+17.5pp

81.9%+13.8pp

70.7%+25.0pp

Annual return

24.05%

32.76%-8.7pp

68.30%-44.3pp

34.38%-10.3pp

Employer contribution / active EE

$2,942

$3,878-24.1%

$4,859-39.5%

$2,638+11.5%

Participant deferral / active EE

$9,867

$7,789+26.7%

$7,760+27.2%

$4,530+117.8%

Admin fee / account holder

$233

$266-12.3%

$10,767-97.8%

$348-32.9%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL2+ years

Service code 37 · EIN 04-2647786

245 SUMMER STREET · BOSTON, MA 02210

Loan Processing

$114,404

AMERICAN FUNDS2+ years

Filed as: REGATTA CAPITAL GROUP LLC

Service code 27 · EIN 26-0825177

2321 ROSECRANS AVE., SUITE 2225 · EL SEGUNDO, CA 90245

Advisory (Plan)

$83,212

WPROMOTE 401(K)PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPROMOTE 401(K)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