Retirement plan

WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN

Name: WESTERN COMPOSITES LLC - WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN (2022) Form 5500
Creator: WESTERN COMPOSITES LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN, WESTERN COMPOSITES LLC

WESTERN COMPOSITES LLCEIN 87-1613689Plan #001PY 2022

11129 E. ROSEMARY LANE - SCOTTSDALE, CA 85255714-552-2282

Prospect flagsLow assets / participant

How to read this page

Total assets (EOY)

$5.2M

-7.4% from 2021

Total participants

234

+13.0% from 2021

Average account balance

$22,279

-37.9% from 2021

Annual return

-10.04%

-10.04 pp from 2021

Benchmarks

See 4,067 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort4,067 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.39M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

145

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$209K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+7.21%

Not enough data

1 years with return on file

Admin fee / account holder

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

$167

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 3 by compensation

Provider	Service type	Compensation
PLEXUS FINANCIAL SERVICES, LLC2+ years Filed as: PLEXUS FINANCIAL SERVIOCES, LLC Service code 27 21805 FIELD PARKWAY · BARRINGTON, IL 60010	Advisory (Plan)	$25,348
ACTUARIAL BENEFITS CORP2+ years Service code 13 · EIN 20-1054428 2790 SKYPARK DRIVE · TORRANCE, CA 90505	Contract Administrator	$15,803
NATIONWIDE1 year Service code 64 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping Fees	$9,287

Plan features & details

Pension benefit codes2E2F2G2J2K3D3H

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.
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

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

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: CM3 ADVISORY
Auditor EIN: 861600094
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,279

$65,453-66.0%

$86,691-74.3%

$66,930-66.7%

Participation rate

100.0%

75.5%+24.5pp

76.6%+23.4pp

69.8%+30.2pp

Annual return

-10.04%

-10.89%+0.9pp

35.94%-46.0pp

1.57%-11.6pp

Employer contribution / active EE

$1,532

$2,154-28.9%

$2,837-46.0%

$2,545-39.8%

Participant deferral / active EE

$2,751

$4,102-32.9%

$4,656-40.9%

$4,238-35.1%

Admin fee / account holder

$642-100.0%

$7,492-100.0%

$593-100.0%

Provider

Service type

Compensation

PLEXUS FINANCIAL SERVICES, LLC2+ years

Filed as: PLEXUS FINANCIAL SERVIOCES, LLC

Service code 27

21805 FIELD PARKWAY · BARRINGTON, IL 60010

Advisory (Plan)

$25,348

ACTUARIAL BENEFITS CORP2+ years

Service code 13 · EIN 20-1054428

2790 SKYPARK DRIVE · TORRANCE, CA 90505

Contract Administrator

$15,803

NATIONWIDE1 year

Service code 64

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping Fees

$9,287

WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

WESTERN COMPOSITES LLC 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion