?>
Logo

WESTCLIFF UNIVERSITY 401(K) PLAN 401k Plan overview

Plan NameWESTCLIFF UNIVERSITY 401(K) PLAN
Plan identification number 001

WESTCLIFF UNIVERSITY 401(K) PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • 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 contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

WESTCLIFF MANAGEMENT GROUP has sponsored the creation of one or more 401k plans.

Company Name:WESTCLIFF MANAGEMENT GROUP
Employer identification number (EIN):460658370
NAIC Classification:611000

Additional information about WESTCLIFF MANAGEMENT GROUP

Jurisdiction of Incorporation: California Department of State
Incorporation Date:
Company Identification Number: C3490719

More information about WESTCLIFF MANAGEMENT GROUP

Form 5500 Filing Information

Submission information for form 5500 for 401k plan WESTCLIFF UNIVERSITY 401(K) PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0012022-01-01SCOTT MEHLBERGER2023-11-16
0012021-01-01REBECCA PACIFICAR2022-10-17
0012020-01-01SEAN MURRAY2021-10-14 SEAN MURRAY2021-10-14
0012019-01-01

Plan Statistics for WESTCLIFF UNIVERSITY 401(K) PLAN

401k plan membership statisitcs for WESTCLIFF UNIVERSITY 401(K) PLAN

Measure Date Value
2022: WESTCLIFF UNIVERSITY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01402
Total number of active participants reported on line 7a of the Form 55002022-01-01447
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-0132
Total of all active and inactive participants2022-01-01479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01479
Number of participants with account balances2022-01-01167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-0120
2021: WESTCLIFF UNIVERSITY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01391
Total number of active participants reported on line 7a of the Form 55002021-01-01388
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-0114
Total of all active and inactive participants2021-01-01402
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-01402
Number of participants with account balances2021-01-01104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-0114
2020: WESTCLIFF UNIVERSITY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01245
Total number of active participants reported on line 7a of the Form 55002020-01-01333
Number of retired or separated participants receiving benefits2020-01-010
Number of other retired or separated participants entitled to future benefits2020-01-013
Total of all active and inactive participants2020-01-01336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-01336
Number of participants with account balances2020-01-0176
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-012

Financial Data on WESTCLIFF UNIVERSITY 401(K) PLAN

Measure Date Value
2022 : WESTCLIFF UNIVERSITY 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$234,810
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$709,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$635,707
Value of total corrective distributions2022-12-31$1,536
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,150,001
Value of total assets at end of year2022-12-31$5,729,528
Value of total assets at beginning of year2022-12-31$6,204,677
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$72,716
Total interest from all sources2022-12-31$2,559
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$400,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$855,097
Participant contributions at end of year2022-12-31$24
Participant contributions at beginning of year2022-12-31$1,401
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$5,083
Assets. Loans (other than to participants) at end of year2022-12-31$49,958
Assets. Loans (other than to participants) at beginning of year2022-12-31$75,067
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2022-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2022-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-475,149
Value of net assets at end of year (total assets less liabilities)2022-12-31$5,729,528
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$6,204,677
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$5,641,114
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$6,125,943
Interest on participant loans2022-12-31$2,559
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2022-12-31$2,906
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2022-12-31$1,566
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2022-12-31$1,566
Net investment gain/loss from pooled separate accounts2022-12-31$-917,750
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31Yes
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$289,821
Employer contributions (assets) at end of year2022-12-31$35,526
Employer contributions (assets) at beginning of year2022-12-31$700
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$635,707
Contract administrator fees2022-12-31$72,716
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31PORTER & HUNT, LLP
Accountancy firm EIN2022-12-31260526155
2021 : WESTCLIFF UNIVERSITY 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$43,751
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$1,485,213
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$116,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$4,642
Value of total corrective distributions2021-12-31$43,751
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$854,780
Value of total assets at end of year2021-12-31$6,204,677
Value of total assets at beginning of year2021-12-31$4,792,333
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$68,227
Total interest from all sources2021-12-31$2,881
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$1,094
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$400,000
If this is an individual account plan, was there a blackout period2021-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$667,389
Participant contributions at end of year2021-12-31$1,401
Participant contributions at beginning of year2021-12-31$226
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$3,876
Assets. Loans (other than to participants) at end of year2021-12-31$75,067
Assets. Loans (other than to participants) at beginning of year2021-12-31$37,409
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2021-12-31$43,751
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,368,593
Value of net assets at end of year (total assets less liabilities)2021-12-31$6,160,926
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$4,792,333
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$66,548
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$6,125,943
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$4,754,585
Interest on participant loans2021-12-31$2,881
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year2021-12-31$1,566
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year2021-12-31$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year2021-12-31$0
Net investment gain/loss from pooled separate accounts2021-12-31$627,552
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31Yes
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$183,515
Employer contributions (assets) at end of year2021-12-31$700
Employer contributions (assets) at beginning of year2021-12-31$113
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$4,642
Contract administrator fees2021-12-31$585
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31PORTER & HUNT, LLP
Accountancy firm EIN2021-12-31260526155
2020 : WESTCLIFF UNIVERSITY 401(K) PLAN 2020 401k financial data
Total income from all sources (including contributions)2020-12-31$1,438,034
Total of all expenses incurred2020-12-31$71,639
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$14,999
Value of total corrective distributions2020-12-31$7,966
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$922,331
Value of total assets at end of year2020-12-31$4,792,333
Value of total assets at beginning of year2020-12-31$3,425,938
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$48,674
Total interest from all sources2020-12-31$1,826
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$769
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$400,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$612,181
Participant contributions at end of year2020-12-31$226
Participant contributions at beginning of year2020-12-31$24
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$162,447
Assets. Loans (other than to participants) at end of year2020-12-31$37,409
Assets. Loans (other than to participants) at beginning of year2020-12-31$29,425
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,366,395
Value of net assets at end of year (total assets less liabilities)2020-12-31$4,792,333
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,425,938
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$47,625
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$4,754,585
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$3,396,477
Interest on participant loans2020-12-31$1,826
Net investment gain/loss from pooled separate accounts2020-12-31$513,877
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31Yes
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$147,703
Employer contributions (assets) at end of year2020-12-31$113
Employer contributions (assets) at beginning of year2020-12-31$12
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$14,999
Contract administrator fees2020-12-31$280
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31PORTER & HUNT, LLP
Accountancy firm EIN2020-12-31260526155

Form 5500 Responses for WESTCLIFF UNIVERSITY 401(K) PLAN

2022: WESTCLIFF UNIVERSITY 401(K) PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – InsuranceYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement – InsuranceYes
2022-01-01Plan benefit arrangement - TrustYes
2021: WESTCLIFF UNIVERSITY 401(K) PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – InsuranceYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement – InsuranceYes
2021-01-01Plan benefit arrangement - TrustYes
2020: WESTCLIFF UNIVERSITY 401(K) PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – InsuranceYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement – InsuranceYes
2020-01-01Plan benefit arrangement - TrustYes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number141651
Policy instance 1
Insurance contract or identification number141651
Number of Individuals Covered216
Insurance policy start date2022-01-01
Insurance policy end date2022-12-31
Total amount of commissions paid to insurance brokerUSD $29,279
Total amount of fees paid to insurance companyUSD $3,782
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $29,279
Insurance broker organization code?4
Amount paid for insurance broker fees3782
Additional information about fees paid to insurance brokerMARKETING ALLOWANCE, WEBINARS, SUBSCRIPTIONS, CONTRACT ADMIN FEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number141651
Policy instance 1
Insurance contract or identification number141651
Number of Individuals Covered104
Insurance policy start date2021-01-01
Insurance policy end date2021-12-31
Total amount of commissions paid to insurance brokerUSD $26,713
Total amount of fees paid to insurance companyUSD $2,706
Are there contracts with allocated funds for individual policies?0
Are there contracts with allocated funds for group deferred annuity?No
Are there contracts with allocated funds for types other than group deferred annuity or individual?No
Contract purchased, in whole or in part, to distribute benefits from a terminating planNo
Contracts With Unallocated Funds Deposit Administration0
Are there contracts with unallocated funds for contracts of type immediate participation guarantee?No
Are there contracts with unallocated funds for contracts of type guaranteed investment?No
Are there contracts with unallocated funds for contract types other than deposit administration, immediate participation guarantee or guaranteed investment?No
Health Insurance Welfare BenefitNo
Dental Insurance Welfare BenefitNo
Vision Insurance Welfare BenefitNo
Life Insurance Welfare BenefitNo
Temporary Disability Insurance Welfare BenefitNo
Long Term Disability Insurance Welfare BenefitNo
Unemployment Insurance Welfare BenefitNo
Were dividends or retroactive rate refunds paid in cash?No
Were dividends or retroactive rate refunds paid as a credit?No
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $26,713
Insurance broker organization code?4
Amount paid for insurance broker fees2706
Additional information about fees paid to insurance brokerMARKETING ALLOWANCE, WEBINARS, SUBSCRIPTIONS, CONTRACT ADMIN FEES
JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )
Policy contract number141651
Policy instance 1
Insurance contract or identification number141651
Number of Individuals Covered76
Insurance policy start date2020-01-01
Insurance policy end date2020-12-31
Total amount of commissions paid to insurance brokerUSD $18,694
Total amount of fees paid to insurance companyUSD $7,519
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?No
Commission paid to Insurance BrokerUSD $18,694
Insurance broker organization code?4
Amount paid for insurance broker fees7519
Additional information about fees paid to insurance brokerMARKETING ALLOWANCE, WEBINARS, SUBSCRIPTIONS, CONTRACT ADMIN FEES

Was this data useful?
If you found the data here useful, PLEASE HELP US. We are a start-up and believe in making information freely available. By linking to us, posting on twitter, facebook and linkedin about us and generally spreading the word, you'll help us to grow. Our vision is to provide high quality data about the activities of all the companies in the world and where possible make it free to use and view. Finding and integrating data from thousands of data sources is time consuming and needs lots of effort. By simply spreading the word about us, you will help us.

Please use the share buttons. It will only take a few seconds of your time. Thanks for helping

Information Disclaimer
The information provided on this website is not advice, endorsement or recommendation
The information published is supplied by third parties so we make no warranty on the accuracy, completeness etc. This information is provided "as-is". The information is subject to change as we obtain updates and corrections from the primary information sources.
You are free to use the information for your own personal research on the understanding to do so is at your own risk.

See full terms and conditions

Copyright © Market Footprint Ltd
Contact us   Datalog Company Directory
401k Lookup     VAT Lookup S3