Plan Snapshot
- Plan Sponsor: Westmont Living, INC.
- Sponsor EIN: 262513782
- Sponsor Address: 3636 NOBEL DRIVE, SAN DIEGO, CA, 92122
- Plan Type: 401(k)
- Total Participants: 979
- Total Assets: $11.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 979 | $11.7M | $880,884 | $2.4M |
| 2023 | 887 | $9.1M | $651,367 | $2.1M |
| 2022 | 956 | $5.9M | $697,747 | $1.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $55,608 | — | $55,608 |
| ACCELERATE INVESTMENT ADVISORS | INVESTMENT ADVISOR | $50,739 | — | $50,739 |
| ADMINISTRATIVE FIDUCIARY SERVICES | OTHER | $23,079 | — | $23,079 |
| LAVINE LOFGREN MORRIS & ENGELBERG | AUDITOR | $13,725 | — | $13,725 |
| LAVINE, LOFGREN, MORRIS & ENGELBERG | Auditor | $13,725 | — | $13,725 |
| NOVA 401(K) ASSOCIATES | CONTRACT ADMIN | $4,901 | $5,073 | $9,974 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $166,850
- Estimated Expense Ratio: 1.427% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $159,750 | $59,637 | $4,901 | $13,725 | — |
| 2023 | $102,695 | $48,420 | — | $9,290 | — |
| 2022 | $30,538 | — | $30,538 | — | — |