Retirement plan

WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN

Name: WESTERN PRECOOLING SYSTEMS - WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN (2022) 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 2022

5994 W. LOS POSITAS BLVD, SUITE 123 - PLEASANTON, CA 94588510-226-4414

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$16.8M

-23.6% from 2021

Total participants

306

-3.2% from 2021

Average account balance

$63,800

-16.6% from 2021

Annual return

-16.38%

-33.49 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
BROUWER & JANACHOWSKI LLC7+ years Service code 27 100 SHORELINE HWY STE B101 · MILL VALLEY, CA 949416619	Advisory (Plan)	$70,102
RIS6 years Filed as: RIS EMPLOYEE BENEFITS INC Service code 99 10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014	Other Fees	$20,484
NEWPORT GROUP, INC.7+ years Service code 13 · EIN 27-2037969 1350 TREAT BLVD · WALNUT CREEK, CA 94597	Contract Administrator	$16,290
GREAT-WEST LIFE & ANNUITY INSURANCE5 years Filed as: EMPOWER RETIREMENT ADVISORY SERVICE Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Investment Management	$14,752
MERRILL LYNCH PIERCE FENNER & SMITH1 year Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$937

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

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

$119K

$628 / participant

Investment mgmt$92K76.7%
Contract admin$12K10.2%
Other / not subdivided$16K13.1%

% of EOY assets

0.708%

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

$63,800

$51,223+24.6%

$82,763-22.9%

$66,949-4.7%

Participation rate

77.9%

67.9%+10.0pp

72.6%+5.3pp

69.8%+8.1pp

Annual return

-16.38%

-9.85%-6.5pp

702.45%-718.8pp

1.57%-18.0pp

Employer contribution / active EE

$2,776

$2,611+6.3%

$3,008-7.7%

$2,545+9.1%

Participant deferral / active EE

$3,476

$3,460+0.5%

$4,395-20.9%

$4,239-18.0%

Admin fee / account holder

$452

$415+8.8%

$5,325-91.5%

$594-23.9%

Provider

Service type

Compensation

BROUWER & JANACHOWSKI LLC7+ years

Service code 27

100 SHORELINE HWY STE B101 · MILL VALLEY, CA 949416619

Advisory (Plan)

$70,102

RIS6 years

Filed as: RIS EMPLOYEE BENEFITS INC

Service code 99

10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014

Other Fees

$20,484

NEWPORT GROUP, INC.7+ years

Service code 13 · EIN 27-2037969

1350 TREAT BLVD · WALNUT CREEK, CA 94597

Contract Administrator

$16,290

GREAT-WEST LIFE & ANNUITY INSURANCE5 years

Filed as: EMPOWER RETIREMENT ADVISORY SERVICE

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Investment Management

$14,752

MERRILL LYNCH PIERCE FENNER & SMITH1 year

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$937

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