Retirement plan

WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN

Name: WESTERN PRECOOLING SYSTEMS - WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN (2021) Form 5500
Creator: WESTERN PRECOOLING SYSTEMS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN, WESTERN PRECOOLING SYSTEMS

WESTERN PRECOOLING SYSTEMSEIN 94-2327682Plan #002PY 2021

43990 FREMONT BLVD - FREMONT, CA 94538510-656-1137

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$22M

+15.4% from 2020

Total participants

316

+10.9% from 2020

Average account balance

$76,523

+9.0% from 2020

Annual return

17.11%

+9.99 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.01M

Not enough data

1 years with asset history on file

Average account balance

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

$71K

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.

310

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.

88.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.32M

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

+20.66%

Not enough data

1 years with return on file

Admin fee / account holder

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

$476

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
BROUWER & JANACHOWSKI LLC6+ years Service code 27 1831 TIBURON BLVD · TIBURON, CA 949202572	Advisory (Plan)	$68,484
RIS5 years Filed as: RIS EMPLOYEE BENEFITS INC Service code 99 10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014	Other Fees	$20,783
GREAT-WEST LIFE & ANNUITY INSURANCE4 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Investment Management	$12,945
NEWPORT GROUP, INC.6+ years Service code 13 · EIN 27-2037969 1350 TREAT BLVD · WALNUT CREEK, CA 94597	Contract Administrator	$8,132

Plan features & details

Pension benefit codes2E2F2H2J2T3D3H

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

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

$108K

$585 / participant

Investment mgmt$91K83.7%
Contract admin$4K3.7%
Other / not subdivided$14K12.6%

% of EOY assets

0.491%

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: MILLER KAPLAN ARASE LLP
Auditor EIN: 952036255
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$76,523

$63,768+20.0%

$98,483-22.3%

$79,391-3.6%

Participation rate

84.9%

69.9%+15.0pp

73.3%+11.5pp

70.7%+14.2pp

Annual return

17.11%

626.18%-609.1pp

1494.38%-1477.3pp

116.88%-99.8pp

Employer contribution / active EE

$2,517

$2,558-1.6%

$2,961-15.0%

$2,428+3.7%

Participant deferral / active EE

$3,330

$3,305+0.8%

$4,276-22.1%

$4,046-17.7%

Admin fee / account holder

$376

$516-27.2%

$5,953-93.7%

$627-40.0%

Provider

Service type

Compensation

BROUWER & JANACHOWSKI LLC6+ years

Service code 27

1831 TIBURON BLVD · TIBURON, CA 949202572

Advisory (Plan)

$68,484

RIS5 years

Filed as: RIS EMPLOYEE BENEFITS INC

Service code 99

10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014

Other Fees

$20,783

GREAT-WEST LIFE & ANNUITY INSURANCE4 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Investment Management

$12,945

NEWPORT GROUP, INC.6+ years

Service code 13 · EIN 27-2037969

1350 TREAT BLVD · WALNUT CREEK, CA 94597

Contract Administrator

$8,132

WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WPS/MOODY WESTERN 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