Filed July 24, 2009
This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.
See peer percentile detail. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
See the 9-year trajectory. $4.99 for your first month.
Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.
| Provider | Service type | Compensation |
|---|---|---|
WESPAC PLAN SERVICES, LLC3+ years Filed as: WESPAC ADVISORS, LLC Service code 27 · EIN 26-2824668 519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612 | Advisory (Plan) | $11,313 |
WESPAC PLAN SERVICES, LLC3+ years Service code 13 · EIN 26-2824865 519 17TH STREET, 5TH FLOOR · OAKLAND, CA 94612 | Contract Administrator | $6,203 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Employer contribution per participant is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
The auditor declined to give an opinion. This is usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $12,658 | $45,825-72.4% | $90,645-86.0% | $56,287-77.5% |
| Participation rate | 68.3% | 66.7%+1.6pp | 74.0%-5.7pp | 69.9%-1.5pp |
| Annual return | 14.08% | 38.64%-24.6pp | 1.88%+12.2pp | -9.96%+24.0pp |
| Employer contribution / active EE | $306 | $1,372-77.7% | $2,532-87.9% | $2,111-85.5% |
| Participant deferral / active EE | $469 | $2,562-81.7% | $3,425-86.3% | $3,350-86.0% |
| Admin fee / account holder | $124 | $413-69.9% | $4,994-97.5% | $521-76.2% |