Filed May 15, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WESPAC PLAN SERVICES, LLC2+ years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 519 17TH STREET · OAKLAND, CA 94612 | Advisory (Participants) | $14,300 |
WESPAC PLAN SERVICES, LLC2+ years Service code 13 · EIN 26-2824865 519 174TH STREET · OAKLAND, CA 94612 | Contract Administrator | $6,935 |
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).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $16,956 | $51,708-67.2% | $106,619-84.1% | $62,881-73.0% |
| Participation rate | 97.7% | 66.9%+30.8pp | 78.0%+19.7pp | 69.3%+28.4pp |
| Annual return | 7.26% | 4.69%+2.6pp | 9.42%-2.2pp | 20.14%-12.9pp |
| Employer contribution / active EE | $1,516 | $1,764-14.1% | $3,947-61.6% | $2,281-33.5% |
| Participant deferral / active EE | $1,747 | $2,315-24.5% | $3,930-55.5% | $3,203-45.4% |
| Admin fee / account holder | $117 | $3,349-96.5% | $6,418-98.2% | $4,296-97.3% |