Retirement plan

WESTECH ENGINEERING, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST

Name: WESTECH ENGINEERING, INC. - WESTECH ENGINEERING, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST (2018) Form 5500
Creator: WESTECH ENGINEERING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTECH ENGINEERING, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST, WESTECH ENGINEERING, INC.

WESTECH ENGINEERING, INC.EIN 94-2229674Plan #003PY 2018

3665 SOUTH WEST TEMPLE - SALT LAKE CITY, UT 84115801-265-1000

Other plans on this EIN

1 filing

#002Retirement-$50.1M assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$47.5M

+14.3% from 2017

Total participants

647

+5.4% from 2017

Average account balance

$77,620

+9.4% from 2017

Annual return

9.85%

-5.97 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95.88M

Not enough data

1 years with asset history on file

Average account balance

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

$124K

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.

774

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.

93.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$8.83M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+14.23%

Not enough data

1 years with return on file

Admin fee / account holder

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

$318

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 3 by compensation

Provider	Service type	Compensation
WELLS FARGO BANK, N.A.3+ years Service code 15 · EIN 94-1347393	Recordkeeping	$132,265
COMMONWEALTH FINANCIAL NETWORK3+ years Filed as: COMMONWEALTH FINANCIAL NETWORK, INC Service code 27 · EIN 04-2675571	Advisory (Plan)	$45,609
401(K) ADVISORS INC1 year Filed as: WF ADVISORS, LLC Service code 27 · EIN 34-1542819	Advisory (Plan)	$16,010

Plan features & details

Pension benefit codes2E2G2J2K2T3D

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.
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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$196K

$374 / participant

Other / not subdivided$196K100.0%

% of EOY assets

0.414%

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: WSRP
Auditor EIN: 870517754
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$77,620

$75,388+3.0%

$123,553-37.2%

$55,725+39.3%

Participation rate

93.3%

75.7%+17.7pp

82.3%+11.0pp

70.9%+22.5pp

Annual return

9.85%

4.48%+5.4pp

119.21%-109.4pp

244.93%-235.1pp

Employer contribution / active EE

$1,984

$3,063-35.2%

$4,628-57.1%

$2,078-4.5%

Participant deferral / active EE

$4,941

$5,651-12.6%

$6,426-23.1%

$3,356+47.3%

Admin fee / account holder

$321

$120+168.0%

$9,284-96.5%

$115+178.7%

Provider

Service type

Compensation

WELLS FARGO BANK, N.A.3+ years

Service code 15 · EIN 94-1347393

Recordkeeping

$132,265

COMMONWEALTH FINANCIAL NETWORK3+ years

Filed as: COMMONWEALTH FINANCIAL NETWORK, INC

Service code 27 · EIN 04-2675571

Advisory (Plan)

$45,609

401(K) ADVISORS INC1 year

Filed as: WF ADVISORS, LLC

Service code 27 · EIN 34-1542819

Advisory (Plan)

$16,010

WESTECH ENGINEERING, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTECH ENGINEERING, INC. 401(K) RETIREMENT SAVINGS PLAN & TRUST

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