Retirement plan

WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN

Name: WESTERN PRECOOLING SYSTEMS - WPS/MOODY WESTERN PROFIT SHARING 401(K) PLAN (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$19.4M

+15.1% from 2022

Total participants

316

+3.3% from 2022

Average account balance

$63,992

+0.3% from 2022

Annual return

11.28%

+27.66 pp from 2022

Benchmarks

See 1,917 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,917 peers

Snapshot2023

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 LLC8+ years Service code 27 100 SHORELINE HWY STE B101 · MILL VALLEY, CA 949416619	Advisory (Plan)	$58,570
RIS7 years Filed as: RIS EMPLOYEE BENEFITS INC Service code 99 10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014	Other Fees	$19,523
MERRILL LYNCH PIERCE FENNER & SMITH2 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$16,940
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111	Investment Management	$15,567
NEWPORT GROUP, INC.8+ years Service code 13 · EIN 27-2037969 300 PRIMERA BLVD · LAKE MARY, FL 32746	Contract Administrator	$15,068

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.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$126K

$650 / participant

Investment mgmt$95K75.4%
Contract admin$11K8.9%
Other / not subdivided$20K15.8%

% of EOY assets

0.650%

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

$63,992

$58,312+9.7%

$86,656-26.2%

$71,529-10.5%

Participation rate

93.3%

65.0%+28.3pp

71.7%+21.6pp

67.9%+25.4pp

Annual return

11.28%

24.08%-12.8pp

593.09%-581.8pp

28.97%-17.7pp

Employer contribution / active EE

$2,831

$2,576+9.9%

$3,025-6.4%

$2,590+9.3%

Participant deferral / active EE

$3,573

$3,439+3.9%

$4,439-19.5%

$4,291-16.7%

Admin fee / account holder

$416

$1,057-60.6%

$5,619-92.6%

$1,588-73.8%

Provider

Service type

Compensation

BROUWER & JANACHOWSKI LLC8+ years

Service code 27

100 SHORELINE HWY STE B101 · MILL VALLEY, CA 949416619

Advisory (Plan)

$58,570

RIS7 years

Filed as: RIS EMPLOYEE BENEFITS INC

Service code 99

10011 N FOOTHILL BLVD #110 · CUPERTINO, CA 95014

Other Fees

$19,523

MERRILL LYNCH PIERCE FENNER & SMITH2 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$16,940

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLIAGE, CO 80111

Investment Management

$15,567

NEWPORT GROUP, INC.8+ years

Service code 13 · EIN 27-2037969

300 PRIMERA BLVD · LAKE MARY, FL 32746

Contract Administrator

$15,068

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