Filed May 15, 2018 (most recent of 2 filings on file)
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| Provider | Service type | Compensation |
|---|---|---|
WESPAC PLAN SERVICES, LLC9+ years Filed as: WESPAC ADVISORS, LLC Service code 26 · EIN 26-2824668 519 17TH FLOOR · OAKLAND, CA 94612 | Advisory (Participants) | $27,018 |
WESPAC PLAN SERVICES, LLC9+ years Service code 13 · EIN 26-2824865 519 17TH FLOOR · OAKLAND, CA 94612 | Contract Administrator | $11,985 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
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 signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $42,469 | $57,739-26.4% | $112,228-62.2% | $74,473-43.0% |
| Participation rate | 42.8% | 55.6%-12.8pp | 72.4%-29.6pp | 70.7%-27.9pp |
| Annual return | 14.27% | 19.52%-5.3pp | 30.23%-16.0pp | 34.36%-20.1pp |
| Employer contribution / active EE | $1,198 | $1,675-28.5% | $3,432-65.1% | $2,638-54.6% |
| Participant deferral / active EE | $1,988 | $2,891-31.2% | $4,800-58.6% | $4,530-56.1% |
| Admin fee / account holder | $276 | $462-40.3% | $7,752-96.4% | $347-20.5% |