Filed May 15, 2018 (most recent of 2 filings on file)
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 10-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, LLC7+ years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 519 17TH STREET · OAKLAND, CA 94612 | Advisory (Participants) | $27,011 |
WESPAC PLAN SERVICES, LLC7+ years Service code 13 · EIN 26-2824865 519 17TH STREET · OAKLAND, CA 94612 | Contract Administrator | $17,707 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
Annual investment return is in the bottom quintile of the peer cohort.
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 | $55,709 | $62,581-11.0% | $124,672-55.3% | $86,799-35.8% |
| Participation rate | 31.4% | 56.9%-25.5pp | 74.6%-43.2pp | 72.3%-40.9pp |
| Annual return | 12.13% | 26.67%-14.5pp | 5142.93%-5130.8pp | 97.91%-85.8pp |
| Employer contribution / active EE | $815 | $1,604-49.2% | $3,324-75.5% | $2,405-66.1% |
| Participant deferral / active EE | $1,479 | $2,725-45.8% | $4,614-68.0% | $4,131-64.2% |
| Admin fee / account holder | $414 | $170+144.1% | $7,493-94.5% | $170+144.2% |