Retirement plan

AMWEST FUNDING CORP. 401(K) PLAN AND TRUST

Name: AMWEST FUNDING CORP. - AMWEST FUNDING CORP. 401(K) PLAN AND TRUST (2023) Form 5500
Creator: AMWEST FUNDING CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, AMWEST FUNDING CORP. 401(K) PLAN AND TRUST, AMWEST FUNDING CORP.

AMWEST FUNDING CORP.EIN 95-4539084Plan #001PY 2023

6 POINTE DRIVE, SUITE 300 - BREA, CA 92821714-831-3315amwestfunding.comLinkedIn201-500 employeesbanking

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$11.5M

+25.4% from 2022

Total participants

186

-5.6% from 2022

Average account balance

$82,439

+28.9% from 2022

Annual return

16.30%

+34.45 pp from 2022

Benchmarks

See 2,152 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants100-249

Cohort2,152 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$13.90M

Not enough data

1 years with asset history on file

Average account balance

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

$99K

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.

140

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.

66.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.59M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$204

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 4 by compensation

Provider	Service type	Compensation
BURNHAM GIBSON WEALTH ADVISORS, INC2 years Filed as: BURNHAM GIBSON WEALTH ADVISORS, LLC Service code 99	Other Fees	$45,977
ECONOMIC GROUP PENSION SERVICES2 years Service code 49 · EIN 13-3180178	Other Services	$4,931
BURNHAM GIBSON WEALTH ADVISORS, INC1 year Filed as: BURNHAM GIBSON WEALTH ADVISORS LLC Service code 49 · EIN 47-5476782	Other Services	$0
VOYA RETIREMENT INSURANCE & ANNUITY2 years Filed as: VOYA RETIREMENT INSURANCE AND ANNUI Service code 26 · EIN 71-0294708	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2J2K2F2G3D2T

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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 participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$22K

$162 / participant

Investment mgmt$22K100.0%

% of EOY assets

0.194%

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: WEAVER & TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$82,439

$130,294-36.7%

$170,043-51.5%

$71,511+15.3%

Participation rate

66.7%

86.2%-19.5pp

87.0%-20.3pp

67.9%-1.3pp

Annual return

16.30%

20.36%-4.1pp

53.40%-37.1pp

28.86%-12.6pp

Employer contribution / active EE

$3,155

$4,385-28.0%

$6,790-53.5%

$2,589+21.9%

Participant deferral / active EE

$7,050

$6,928+1.8%

$10,410-32.3%

$4,291+64.3%

Admin fee / account holder

$160

$966-83.5%

$12,824-98.8%

$1,588-90.0%

Provider

Service type

Compensation

BURNHAM GIBSON WEALTH ADVISORS, INC2 years

Filed as: BURNHAM GIBSON WEALTH ADVISORS, LLC

Service code 99

Other Fees

$45,977

ECONOMIC GROUP PENSION SERVICES2 years

Service code 49 · EIN 13-3180178

Other Services

$4,931

BURNHAM GIBSON WEALTH ADVISORS, INC1 year

Filed as: BURNHAM GIBSON WEALTH ADVISORS LLC

Service code 49 · EIN 47-5476782

Other Services

VOYA RETIREMENT INSURANCE & ANNUITY2 years

Filed as: VOYA RETIREMENT INSURANCE AND ANNUI

Service code 26 · EIN 71-0294708

Advisory (Participants)

AMWEST FUNDING CORP. 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

AMWEST FUNDING CORP. 401(K) PLAN AND TRUST

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