Retirement plan

THE WESTMARK SCHOOL 403(B) PLAN

Name: LEARNING WITH A DIFFERENCE, INC. DB - THE WESTMARK SCHOOL 403(B) PLAN (2023) Form 5500
Creator: LEARNING WITH A DIFFERENCE, INC. DB
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE WESTMARK SCHOOL 403(B) PLAN, LEARNING WITH A DIFFERENCE, INC. DB

LEARNING WITH A DIFFERENCE, INC. DBEIN 95-4616645Plan #001PY 2023

5461 LOUISE AVENUE - ENCINO, CA 91316818-380-1374LinkedIn51-200 employeesprimary/secondary education

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.2M

+19.7% from 2022

Total participants

136

+5.4% from 2022

Average account balance

$64,181

-0.6% from 2022

Annual return

14.46%

+28.39 pp from 2022

Benchmarks

See 1,530 peers

Peer group

Industry61 - Educational Services

Plan typeDefined contribution

Participants100-249

Cohort1,530 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.88M

Not enough data

1 years with asset history on file

Average account balance

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

$74K

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.

106

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.

115.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$786K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$9K

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

+13.31%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9961

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2F2G2M2T

Plan features

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.
2M
Code section 403(b)(7) accounts
Plan uses Code section 403(b)(7) custodial accounts as a funding vehicle.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$555K

$5548 / participant

Other / not subdivided$555K100.0%

% of EOY assets

7.719%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$64,181

$65,582-2.1%

$64,097+0.1%

$71,529-10.3%

Participation rate

76.0%

73.2%+2.8pp

72.3%+3.7pp

67.9%+8.1pp

Annual return

14.46%

18.96%-4.5pp

33.75%-19.3pp

28.97%-14.5pp

Employer contribution / active EE

$3,477

$2,671+30.2%

$2,750+26.4%

$2,590+34.3%

Participant deferral / active EE

$5,111

$3,628+40.9%

$3,881+31.7%

$4,291+19.1%

Admin fee / account holder

$4,954

$616+703.7%

$3,070+61.4%

$1,588+211.9%

THE WESTMARK SCHOOL 403(B) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE WESTMARK SCHOOL 403(B) PLAN

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