Retirement plan

WESTBAY AUTO PARTS, INC 401(K) RETIREMENT PLAN

Name: WESTBAY AUTO PARTS, INC. - WESTBAY AUTO PARTS, INC 401(K) RETIREMENT PLAN (2018) Form 5500
Creator: WESTBAY AUTO PARTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTBAY AUTO PARTS, INC 401(K) RETIREMENT PLAN, WESTBAY AUTO PARTS, INC.

WESTBAY AUTO PARTS, INC.EIN 91-0918859Plan #001PY 2018

2610 MILE HILL DR. SE - PORT ORCHARD, WA 98366360-876-8008westbayautoparts.comLinkedIn51-200 employeesautomotive

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$5.4M

+15.0% from 2017

Total participants

134

-0.7% from 2017

Average account balance

$73,403

+7.3% from 2017

Annual return

13.70%

-0.10 pp from 2017

Benchmarks

See 2,219 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort2,219 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.92M

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.

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.

84.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$159K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+5.35%

Not enough data

1 years with return on file

Admin fee / account holder

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

$8278

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 2 by compensation

Provider	Service type	Compensation
HEARTHSTONE CPA GROUP3+ years Service code 10 · EIN 91-1397083	Accounting	$8,750
ASCENSUS LLC3+ years Filed as: ASCENSUS Service code 15 · EIN 11-3665754	Recordkeeping	$6,739

Plan features & details

Pension benefit codes2E3D2G2J2K2F2T

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.
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.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$15K

$140 / participant

Contract admin$7K43.5%
Other / not subdivided$9K56.5%

% of EOY assets

0.285%

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: HEARTHSTONE CPA GROUP
Auditor EIN: 911397083
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$73,403

$42,548+72.5%

$74,552-1.5%

$56,287+30.4%

Participation rate

45.9%

60.5%-14.5pp

69.1%-23.2pp

69.9%-23.9pp

Annual return

13.70%

12.40%+1.3pp

32.53%-18.8pp

-9.96%+23.7pp

Employer contribution / active EE

$401

$855-53.1%

$1,961-79.6%

$2,111-81.0%

Participant deferral / active EE

$946

$2,277-58.5%

$3,108-69.6%

$3,350-71.8%

Admin fee / account holder

$209

$467-55.2%

$5,060-95.9%

$521-59.8%

Provider

Service type

Compensation

HEARTHSTONE CPA GROUP3+ years

Service code 10 · EIN 91-1397083

Accounting

$8,750

ASCENSUS LLC3+ years

Filed as: ASCENSUS

Service code 15 · EIN 11-3665754

Recordkeeping

$6,739

WESTBAY AUTO PARTS, INC 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTBAY AUTO PARTS, INC 401(K) RETIREMENT 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