Retirement plan

SOBEL WESTEX, INC. PROFIT SHARING 401(K) PLAN

Name: SOBEL WESTEX, INC. - SOBEL WESTEX, INC. PROFIT SHARING 401(K) PLAN (2018) Form 5500
Creator: SOBEL WESTEX, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SOBEL WESTEX, INC. PROFIT SHARING 401(K) PLAN, SOBEL WESTEX, INC.

SOBEL WESTEX, INC.EIN 88-0174980Plan #002PY 2018

2670 SOUTH WESTERN AVENUE - LAS VEGAS, NV 89109702-735-4973sobelathome.comLinkedIn51-200 employeestextiles

Prospect flagsHigh feesLow participationRecently reached 100 employeesLow fidelity bond

How to read this page

Total assets (EOY)

$4.4M

+25.5% from 2017

Total participants

172

+21.1% from 2017

Average account balance

$43,531

-4.3% from 2017

Annual return

12.13%

-0.33 pp from 2017

Benchmarks

See 1,738 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,738 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.84M

Not enough data

1 years with asset history on file

Average account balance

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

$75K

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.

105

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.

60.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$596K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+3.83%

Not enough data

1 years with return on file

Admin fee / account holder

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

$238

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
THE INVESTMENT COUNSEL COMPANY3+ years Service code 28 · EIN 88-0228985	Investment Management	$23,763
NEWPORT GROUP, INC.3+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 18 · EIN 62-1868111	Custodial (other than securities); Pa...	$7,812

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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$209 / participant

Other / not subdivided$32K100.0%

% of EOY assets

0.718%

all-in expense ratio

Categories reported

0 / 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: DDK & COMPANY LLP
Auditor EIN: 132738625
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$43,531

$44,873-3.0%

$79,467-45.2%

$56,289-22.7%

Participation rate

53.0%

68.7%-15.8pp

73.3%-20.4pp

69.9%-16.9pp

Annual return

12.13%

0.81%+11.3pp

718.30%-706.2pp

-9.96%+22.1pp

Employer contribution / active EE

$660

$2,140-69.2%

$2,800-76.4%

$2,111-68.8%

Participant deferral / active EE

$2,781

$2,746+1.3%

$3,704-24.9%

$3,350-17.0%

Admin fee / account holder

$312

$418-25.4%

$5,104-93.9%

$521-40.0%

Provider

Service type

Compensation

THE INVESTMENT COUNSEL COMPANY3+ years

Service code 28 · EIN 88-0228985

Investment Management

$23,763

NEWPORT GROUP, INC.3+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 18 · EIN 62-1868111

Custodial (other than securities); Pa...

$7,812

SOBEL WESTEX, INC. PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SOBEL WESTEX, INC. PROFIT SHARING 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