Retirement plan

WESTERN EMPLOYEES BENEFIT PLAN

Name: BOARD OF TRUSTEES OF THE WESTERN EMPLOYEES BENEFIT PLAN - WESTERN EMPLOYEES BENEFIT PLAN (2015) Form 5500
Creator: BOARD OF TRUSTEES OF THE WESTERN EMPLOYEES BENEFIT PLAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN EMPLOYEES BENEFIT PLAN, BOARD OF TRUSTEES OF THE WESTERN EMPLOYEES BENEFIT PLAN

BOARD OF TRUSTEES OF THE WESTERN EMPLOYEES BENEFIT PLANEIN 91-1154065Plan #001PY 2015

P.O. BOX 550 - SEATTLE, WA 981110550206-576-4813

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$58.2M

No prior year

Total participants

5,118

No prior year

Average account balance

$14,751

No prior year

Annual return

-0.14%

No prior year

Benchmarks

See 742 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort742 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$104.29M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

6,153

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

$4.73M

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

+15.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$130

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 4 by compensation

Provider	Service type	Compensation
HS MANAGEMENT PARTNERS, LLC1+ years Filed as: EB MANAGEMENT COMPANY Service code 13 · EIN 91-1467493 1200 FIFTH AVENUE, SUITE 1100 · SEATTLE, WA 981013105	Contract Administrator	$412,385
WELLS FARGO BANK, N.A.1+ years Filed as: WELLS FARGO ADVISORS Service code 26 · EIN 23-2384840 1 SW COLUMBIA ST, SUITE 1900 · PORTLAND, OR 97258	Advisory (Participants)	$32,500
EKMAN CUSHING MAXWELL1+ years Filed as: EKMAN THULIN, P.S. Service code 29 · EIN 91-1321138 220 WEST MERCER STREET, SUITE 400 · SEATTLE, WA 98119	Legal	$28,444
CLIFTONLARSONALLEN LLP1+ years Service code 10 · EIN 41-0746749 3000 NORTHRUP WAY · BELLEVUE, WA 980041446	Accounting	$13,216

Plan features & details

Pension benefit codes2E2G2J2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

5 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.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
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

$521K

$146 / participant

Investment mgmt$33K6.2%
Contract admin$412K79.1%
Other / not subdivided$76K14.6%

% of EOY assets

0.895%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,751

$71,957-79.5%

$67,652-78.2%

$59,188-75.1%

Participation rate

67.2%

82.7%-15.4pp

75.7%-8.4pp

69.4%-2.2pp

Annual return

-0.14%

8.53%-8.7pp

6625.40%-6625.5pp

5.51%-5.6pp

Employer contribution / active EE

$393

$2,432-83.8%

$2,266-82.7%

$2,098-81.3%

Participant deferral / active EE

$667

$4,211-84.2%

$3,560-81.3%

$3,265-79.6%

Admin fee / account holder

$132

$64+105.7%

$4,821-97.3%

$92+43.1%

Provider

Service type

Compensation

HS MANAGEMENT PARTNERS, LLC1+ years

Filed as: EB MANAGEMENT COMPANY

Service code 13 · EIN 91-1467493

1200 FIFTH AVENUE, SUITE 1100 · SEATTLE, WA 981013105

Contract Administrator

$412,385

WELLS FARGO BANK, N.A.1+ years

Filed as: WELLS FARGO ADVISORS

Service code 26 · EIN 23-2384840

1 SW COLUMBIA ST, SUITE 1900 · PORTLAND, OR 97258

Advisory (Participants)

$32,500

EKMAN CUSHING MAXWELL1+ years

Filed as: EKMAN THULIN, P.S.

Service code 29 · EIN 91-1321138

220 WEST MERCER STREET, SUITE 400 · SEATTLE, WA 98119

Legal

$28,444

CLIFTONLARSONALLEN LLP1+ years

Service code 10 · EIN 41-0746749

3000 NORTHRUP WAY · BELLEVUE, WA 980041446

Accounting

$13,216

WESTERN EMPLOYEES BENEFIT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN EMPLOYEES BENEFIT 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