Retirement plan

WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU

Name: WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU BOARD OF TRUSTEE - WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU (2018) Form 5500
Creator: WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU BOARD OF TRUSTEE
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU, WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU BOARD OF TRUSTEE

WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU BOARD OF TRUSTEEEIN 93-6026077Plan #001PY 2018

5331 SW MACADAM AVE STE 258, PMB 116 - PORTLAND, OR 97239503-224-0048

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$50.4M

No prior year

Total participants

2,080

No prior year

Average account balance

$24,218

No prior year

Annual return

-5.53%

No prior year

Benchmarks

See 691 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort691 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$68.62M

Not enough data

1 years with asset history on file

Average account balance

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

$46K

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.

1,505

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

$2.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.60%

Not enough data

1 years with return on file

Admin fee / account holder

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

$377

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 7 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY1+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVICS Service code 15 · EIN 01-0233346 690 CANTON STREET · WESTWOOD, MA 02090	Recordkeeping	$157,336
BENESYS, INC.1+ years Service code 13 · EIN 38-2383171 5331 SW MACDM AVE STE 528 · PORTLAND, OR 97239	Contract Administrator	$94,860
LINDQUIST LLP1+ years Service code 10 · EIN 52-2385296 9955 SE WSHNGTON, STE 201 · PORTLAND, OR 97216	Accounting	$57,735
VERUS1+ years Service code 27 · EIN 36-3555078 PO BOX 303 · TUALATIN, OR 97062	Advisory (Plan)	$45,500
THE KORPI LAW FIRM PLLC1+ years Service code 29 · EIN 45-5137679 135 SECOND AVE.N, SUITE 2 · EDMONDS, WA 980201525	Legal	$30,995
BJORKLUND & MONTPLAISIR1+ years Service code 10 · EIN 93-1015766 9020 SW WASHINGTON SQ RD · PORTLAND, OR 97223	Accounting	$18,300
MCMORGAN & COMPANY LLC1+ years Filed as: MCMORGAN & CONPANY Service code 28 · EIN 52-2334338 ONE FRONT STREET 500 · SAN FRANCISCO, CA 94111	Investment Management	$0

Plan features & details

Pension benefit codes2J2G2T

Plan features

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

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

$462K

$752 / participant

Investment mgmt$46K9.8%
Contract admin$252K54.5%
Other / not subdivided$165K35.6%

% of EOY assets

0.918%

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: BJORKLUND & MONTPLAISIR
Auditor EIN: 931015766
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,218

$44,473-45.5%

$76,523-68.4%

$55,725-56.5%

Participation rate

100.0%

51.0%+49.0pp

68.0%+32.0pp

70.9%+29.1pp

Annual return

-5.53%

-2.01%-3.5pp

-0.27%-5.3pp

244.93%-250.5pp

Employer contribution / active EE

$2,722

$1,101+147.2%

$2,647+2.8%

$2,078+31.0%

Participant deferral / active EE

$1,990

$1,988+0.1%

$3,835-48.1%

$3,356-40.7%

Admin fee / account holder

$222

$134+65.8%

$4,848-95.4%

$115+93.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY1+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVICS

Service code 15 · EIN 01-0233346

690 CANTON STREET · WESTWOOD, MA 02090

Recordkeeping

$157,336

BENESYS, INC.1+ years

Service code 13 · EIN 38-2383171

5331 SW MACDM AVE STE 528 · PORTLAND, OR 97239

Contract Administrator

$94,860

LINDQUIST LLP1+ years

Service code 10 · EIN 52-2385296

9955 SE WSHNGTON, STE 201 · PORTLAND, OR 97216

Accounting

$57,735

VERUS1+ years

Service code 27 · EIN 36-3555078

PO BOX 303 · TUALATIN, OR 97062

Advisory (Plan)

$45,500

THE KORPI LAW FIRM PLLC1+ years

Service code 29 · EIN 45-5137679

135 SECOND AVE.N, SUITE 2 · EDMONDS, WA 980201525

Legal

$30,995

BJORKLUND & MONTPLAISIR1+ years

Service code 10 · EIN 93-1015766

9020 SW WASHINGTON SQ RD · PORTLAND, OR 97223

Accounting

$18,300

MCMORGAN & COMPANY LLC1+ years

Filed as: MCMORGAN & CONPANY

Service code 28 · EIN 52-2334338

ONE FRONT STREET 500 · SAN FRANCISCO, CA 94111

Investment Management

WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN STATES 401(K) RETIREMENT FUND OF THE OPEIU

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