Plan Snapshot
- Plan Sponsor: Westport Properties, INC.
- Sponsor EIN: 330223829
- Sponsor Address: 2201 DUPONT DRIVE, SUITE 700, IRVINE, CA, 92612
- Plan Type: 401(k)
- Total Participants: 526
- Total Assets: $4.5M
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 | 526 | $4.5M | $38,441 | $618,878 |
| 2023 | 495 | $3.7M | $44,524 | $588,941 |
| 2022 | 410 | $2.9M | $38,910 | $539,852 |
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 |
|---|---|---|---|---|
| AMERICAN UNITED LIFE INSURANCE CO | Recordkeeper | $3,430 | $25,421 | $28,851 |
| NFP RETIREMENT INC | Investment Advisor | — | $12,394 | $12,394 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NFP RETIREMENT INC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $41,245
- Estimated Expense Ratio: 0.915% 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 | $1,930 | — | $1,930 | — | — |
| 2023 | $1,598 | — | $1,598 | — | — |
| 2022 | $4,394 | — | $4,394 | — | — |