Filed May 15, 2018 (most recent of 2 filings on file)
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| 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).
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 | $55,709 | $62,581-11.0% | $124,693-55.3% | $86,821-35.8% |
| Participation rate | 31.4% | 56.9%-25.5pp | 74.6%-43.2pp | 72.3%-40.9pp |
| Annual return | 12.13% | 26.67%-14.5pp | 5144.19%-5132.1pp | 97.94%-85.8pp |
| Employer contribution / active EE | $815 | $1,604-49.2% | $3,324-75.5% | $2,406-66.1% |
| Participant deferral / active EE | $1,479 | $2,725-45.8% | $4,615-68.0% | $4,132-64.2% |
| Admin fee / account holder | $414 | $170+144.1% | $7,494-94.5% | $170+144.1% |