Retirement plan

WESTERN MUTUAL INSURANCE COMPANY PROFIT SHARING / 401(K) PLAN

Name: WESTERN MUTUAL INSURANCE COMPANY - WESTERN MUTUAL INSURANCE COMPANY PROFIT SHARING / 401(K) PLAN (2023) Form 5500
Creator: WESTERN MUTUAL INSURANCE COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, WESTERN MUTUAL INSURANCE COMPANY PROFIT SHARING / 401(K) PLAN, WESTERN MUTUAL INSURANCE COMPANY

WESTERN MUTUAL INSURANCE COMPANYEIN 95-0634675Plan #003PY 2023

P.O. BOX 19626 - IRVINE, CA 92623949-724-9402westernmutual.comLinkedIn51-200 employeesinsurance

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$24.3M

+0.5% from 2022

Total participants

115

-2.5% from 2022

Average account balance

$216,676

+1.4% from 2022

Annual return

11.94%

+23.59 pp from 2022

Benchmarks

See 7,179 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants25-99

Cohort7,179 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$25.76M

Not enough data

1 years with asset history on file

Average account balance

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

$228K

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.

113

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.

96.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.67M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+9.65%

Not enough data

1 years with return on file

Admin fee / account holder

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

$93

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 2 by compensation

Provider	Service type	Compensation
STRATEGIC ADVISORS, INC.5 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$7,395
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 60 · EIN 04-2647786	Sub-TA Fees	-$10,433

Plan features & details

Pension benefit codes2A2E3D2R

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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

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

Expense breakdown

Schedule H Part II

Admin total

-$538

$-6 / participant

Investment mgmt$7K0.0%

% of EOY assets

-0.002%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JLK ROSENBERGER LLP
Auditor EIN: 271532099
Audit fees: $2,500
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$216,676

$125,758+72.3%

$170,004+27.5%

$75,173+188.2%

Participation rate

96.7%

83.6%+13.1pp

87.0%+9.7pp

67.2%+29.5pp

Annual return

11.94%

27.20%-15.3pp

53.39%-41.4pp

160.65%-148.7pp

Employer contribution / active EE

$4,365

$4,615-5.4%

$6,786-35.7%

$2,670+63.5%

Participant deferral / active EE

$6,430

$6,837-6.0%

$10,408-38.2%

$4,126+55.9%

Admin fee / account holder

-$5

$8,173-100.1%

$12,816-100.0%

$5,651-100.1%

Provider

Service type

Compensation

STRATEGIC ADVISORS, INC.5 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$7,395

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 60 · EIN 04-2647786

Sub-TA Fees

-$10,433

WESTERN MUTUAL INSURANCE COMPANY PROFIT SHARING / 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

WESTERN MUTUAL INSURANCE COMPANY 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