401k Plan data: WESTCLIFF UNIVERSITY 401(K) PLAN plan

WESTCLIFF UNIVERSITY 401(K) PLAN 401k Plan overview

Plan Name	WESTCLIFF UNIVERSITY 401(K) PLAN
Plan identification number	001

WESTCLIFF UNIVERSITY 401(K) PLAN Benefits

401k Plan Type

Defined 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 Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01
001 2022-01-01 SCOTT MEHLBERGER 2023-11-16
001 2021-01-01 REBECCA PACIFICAR 2022-10-17
001 2020-01-01 SEAN MURRAY 2021-10-14 SEAN MURRAY 2021-10-14
001 2019-01-01

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01
001	2022-01-01	SCOTT MEHLBERGER	2023-11-16
001	2021-01-01	REBECCA PACIFICAR	2022-10-17
001	2020-01-01	SEAN MURRAY	2021-10-14	SEAN MURRAY	2021-10-14
001	2019-01-01

Plan Statistics for WESTCLIFF UNIVERSITY 401(K) PLAN

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

Measure Date Value
2023: WESTCLIFF UNIVERSITY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year 2023-01-01 518
Total number of active participants reported on line 7a of the Form 5500 2023-01-01 557
Number of retired or separated participants receiving benefits 2023-01-01 4
Number of other retired or separated participants entitled to future benefits 2023-01-01 53
Total of all active and inactive participants 2023-01-01 614
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2023-01-01 0
Total participants 2023-01-01 614
Number of participants with account balances 2023-01-01 212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2023-01-01 32
2022: WESTCLIFF UNIVERSITY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 402
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 447
Number of retired or separated participants receiving benefits 2022-01-01 0
Number of other retired or separated participants entitled to future benefits 2022-01-01 32
Total of all active and inactive participants 2022-01-01 479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 479
Number of participants with account balances 2022-01-01 167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 20
2021: WESTCLIFF UNIVERSITY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 391
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 388
Number of retired or separated participants receiving benefits 2021-01-01 0
Number of other retired or separated participants entitled to future benefits 2021-01-01 14
Total of all active and inactive participants 2021-01-01 402
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 0
Total participants 2021-01-01 402
Number of participants with account balances 2021-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 14
2020: WESTCLIFF UNIVERSITY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 245
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 333
Number of retired or separated participants receiving benefits 2020-01-01 0
Number of other retired or separated participants entitled to future benefits 2020-01-01 3
Total of all active and inactive participants 2020-01-01 336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 0
Total participants 2020-01-01 336
Number of participants with account balances 2020-01-01 76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 2

Measure	Date	Value
2023: WESTCLIFF UNIVERSITY 401(K) PLAN 2023 401k membership
Total participants, beginning-of-year	2023-01-01	518
Total number of active participants reported on line 7a of the Form 5500	2023-01-01	557
Number of retired or separated participants receiving benefits	2023-01-01	4
Number of other retired or separated participants entitled to future benefits	2023-01-01	53
Total of all active and inactive participants	2023-01-01	614
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2023-01-01	0
Total participants	2023-01-01	614
Number of participants with account balances	2023-01-01	212
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2023-01-01	32
2022: WESTCLIFF UNIVERSITY 401(K) PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	402
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	447
Number of retired or separated participants receiving benefits	2022-01-01	0
Number of other retired or separated participants entitled to future benefits	2022-01-01	32
Total of all active and inactive participants	2022-01-01	479
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	479
Number of participants with account balances	2022-01-01	167
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	20
2021: WESTCLIFF UNIVERSITY 401(K) PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	391
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	388
Number of retired or separated participants receiving benefits	2021-01-01	0
Number of other retired or separated participants entitled to future benefits	2021-01-01	14
Total of all active and inactive participants	2021-01-01	402
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	0
Total participants	2021-01-01	402
Number of participants with account balances	2021-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	14
2020: WESTCLIFF UNIVERSITY 401(K) PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	245
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	333
Number of retired or separated participants receiving benefits	2020-01-01	0
Number of other retired or separated participants entitled to future benefits	2020-01-01	3
Total of all active and inactive participants	2020-01-01	336
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	0
Total participants	2020-01-01	336
Number of participants with account balances	2020-01-01	76
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	2

Financial Data on WESTCLIFF UNIVERSITY 401(K) PLAN

Measure	Date	Value
2023 : WESTCLIFF UNIVERSITY 401(K) PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets	2023-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2023-12-31	$0
Total income from all sources (including contributions)	2023-12-31	$2,607,370
Total loss/gain on sale of assets	2023-12-31	$0
Total of all expenses incurred	2023-12-31	$1,106,785
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2023-12-31	$1,016,240
Value of total corrective distributions	2023-12-31	$6,626
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2023-12-31	$1,602,724
Value of total assets at end of year	2023-12-31	$7,230,113
Value of total assets at beginning of year	2023-12-31	$5,729,528
Total of administrative expenses incurred including professional, contract, advisory and management fees	2023-12-31	$83,919
Total interest from all sources	2023-12-31	$5,447
Total dividends received (eg from common stock, registered investment company shares)	2023-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2023-12-31	No
Was this plan covered by a fidelity bond	2023-12-31	Yes
Value of fidelity bond cover	2023-12-31	$400,000
If this is an individual account plan, was there a blackout period	2023-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2023-12-31	No
Contributions received from participants	2023-12-31	$1,157,872
Participant contributions at end of year	2023-12-31	$120,182
Participant contributions at beginning of year	2023-12-31	$49,958
Participant contributions at end of year	2023-12-31	$157
Participant contributions at beginning of year	2023-12-31	$24
Income. Received or receivable in cash from other sources (including rollovers)	2023-12-31	$80,779
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2023-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2023-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Value of net income/loss	2023-12-31	$1,500,585
Value of net assets at end of year (total assets less liabilities)	2023-12-31	$7,230,113
Value of net assets at beginning of year (total assets less liabilities)	2023-12-31	$5,729,528
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2023-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2023-12-31	No
Were any leases to which the plan was party in default or uncollectible	2023-12-31	No
Investment advisory and management fees	2023-12-31	$1,291
Value of interest in registered invesment companies (eg mutual funds) at end of year	2023-12-31	$7,026,325
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2023-12-31	$5,641,114
Interest on participant loans	2023-12-31	$5,447
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2023-12-31	$19,178
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2023-12-31	$2,906
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2023-12-31	$2,906
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2023-12-31	$999,199
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2023-12-31	No
Was there a failure to transmit to the plan any participant contributions	2023-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2023-12-31	No
Contributions received in cash from employer	2023-12-31	$364,073
Employer contributions (assets) at end of year	2023-12-31	$64,271
Employer contributions (assets) at beginning of year	2023-12-31	$35,526
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2023-12-31	$1,016,240
Contract administrator fees	2023-12-31	$79,323
Did the plan have assets held for investment	2023-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2023-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2023-12-31	No
Opinion of an independent qualified public accountant for this plan	2023-12-31	Unqualified
Accountancy firm name	2023-12-31	PORTER & HUNT, LLP
Accountancy firm EIN	2023-12-31	260526155
2022 : WESTCLIFF UNIVERSITY 401(K) PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets	2022-12-31	$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 assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$709,959
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$635,707
Value of total corrective distributions	2022-12-31	$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 year	2022-12-31	$5,729,528
Value of total assets at beginning of year	2022-12-31	$6,204,677
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$72,716
Total interest from all sources	2022-12-31	$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 year	2022-12-31	No
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$400,000
If this is an individual account plan, was there a blackout period	2022-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$855,097
Participant contributions at end of year	2022-12-31	$24
Participant contributions at beginning of year	2022-12-31	$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 year	2022-12-31	$49,958
Assets. Loans (other than to participants) at beginning of year	2022-12-31	$75,067
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Value of net income/loss	2022-12-31	$-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)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$5,641,114
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$6,125,943
Interest on participant loans	2022-12-31	$2,559
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$2,906
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$1,566
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$1,566
Net investment gain/loss from pooled separate accounts	2022-12-31	$-917,750
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Contributions received in cash from employer	2022-12-31	$289,821
Employer contributions (assets) at end of year	2022-12-31	$35,526
Employer contributions (assets) at beginning of year	2022-12-31	$700
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$635,707
Contract administrator fees	2022-12-31	$72,716
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	PORTER & HUNT, LLP
Accountancy firm EIN	2022-12-31	260526155
2021 : WESTCLIFF UNIVERSITY 401(K) PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$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 assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$116,620
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$4,642
Value of total corrective distributions	2021-12-31	$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 year	2021-12-31	$6,204,677
Value of total assets at beginning of year	2021-12-31	$4,792,333
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$68,227
Total interest from all sources	2021-12-31	$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 year	2021-12-31	No
Administrative expenses professional fees incurred	2021-12-31	$1,094
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$400,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2021-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$667,389
Participant contributions at end of year	2021-12-31	$1,401
Participant contributions at beginning of year	2021-12-31	$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 year	2021-12-31	$75,067
Assets. Loans (other than to participants) at beginning of year	2021-12-31	$37,409
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2021-12-31	$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 appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$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)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$66,548
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$6,125,943
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$4,754,585
Interest on participant loans	2021-12-31	$2,881
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2021-12-31	$1,566
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2021-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2021-12-31	$0
Net investment gain/loss from pooled separate accounts	2021-12-31	$627,552
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$183,515
Employer contributions (assets) at end of year	2021-12-31	$700
Employer contributions (assets) at beginning of year	2021-12-31	$113
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$4,642
Contract administrator fees	2021-12-31	$585
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	PORTER & HUNT, LLP
Accountancy firm EIN	2021-12-31	260526155
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 incurred	2020-12-31	$71,639
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$14,999
Value of total corrective distributions	2020-12-31	$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 year	2020-12-31	$4,792,333
Value of total assets at beginning of year	2020-12-31	$3,425,938
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$48,674
Total interest from all sources	2020-12-31	$1,826
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Administrative expenses professional fees incurred	2020-12-31	$769
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$400,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2020-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$612,181
Participant contributions at end of year	2020-12-31	$226
Participant contributions at beginning of year	2020-12-31	$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 year	2020-12-31	$37,409
Assets. Loans (other than to participants) at beginning of year	2020-12-31	$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 appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$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)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$47,625
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$4,754,585
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$3,396,477
Interest on participant loans	2020-12-31	$1,826
Net investment gain/loss from pooled separate accounts	2020-12-31	$513,877
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$147,703
Employer contributions (assets) at end of year	2020-12-31	$113
Employer contributions (assets) at beginning of year	2020-12-31	$12
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$14,999
Contract administrator fees	2020-12-31	$280
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	PORTER & HUNT, LLP
Accountancy firm EIN	2020-12-31	260526155

Form 5500 Responses for WESTCLIFF UNIVERSITY 401(K) PLAN

2023: WESTCLIFF UNIVERSITY 401(K) PLAN 2023 form 5500 responses
2023-01-01	Type of plan entity	Single employer plan
2023-01-01	Submission has been amended	No
2023-01-01	This submission is the final filing	No
2023-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2023-01-01	Plan is a collectively bargained plan	No
2023-01-01	Plan funding arrangement – Insurance	Yes
2023-01-01	Plan funding arrangement – Trust	Yes
2023-01-01	Plan benefit arrangement – Insurance	Yes
2023-01-01	Plan benefit arrangement - Trust	Yes
2022: WESTCLIFF UNIVERSITY 401(K) PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Insurance	Yes
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement – Insurance	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: WESTCLIFF UNIVERSITY 401(K) PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Insurance	Yes
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement – Insurance	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: WESTCLIFF UNIVERSITY 401(K) PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Insurance	Yes
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement – Insurance	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes

Insurance Providers Used on plan

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

141651

Policy instance

Insurance contract or identification number	141651
Number of Individuals Covered	271
Insurance policy start date	2023-01-01
Insurance policy end date	2023-12-31
Total amount of commissions paid to insurance broker	USD $31,610
Total amount of fees paid to insurance company	USD $3,305
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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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

JOHN HANCOCK LIFE INSURANCE COMPANY (U.S.A.) (National Association of Insurance Commissioners NAIC id number: 65838 )

Policy contract number

141651

Policy instance

Insurance contract or identification number	141651
Number of Individuals Covered	216
Insurance policy start date	2022-01-01
Insurance policy end date	2022-12-31
Total amount of commissions paid to insurance broker	USD $29,279
Total amount of fees paid to insurance company	USD $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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $29,279
Insurance broker organization code?	4
Amount paid for insurance broker fees	3782
Additional information about fees paid to insurance broker	MARKETING 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 number

141651

Policy instance

Insurance contract or identification number	141651
Number of Individuals Covered	104
Insurance policy start date	2021-01-01
Insurance policy end date	2021-12-31
Total amount of commissions paid to insurance broker	USD $26,713
Total amount of fees paid to insurance company	USD $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 plan	No
Contracts With Unallocated Funds Deposit Administration	0
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 Benefit	No
Dental Insurance Welfare Benefit	No
Vision Insurance Welfare Benefit	No
Life Insurance Welfare Benefit	No
Temporary Disability Insurance Welfare Benefit	No
Long Term Disability Insurance Welfare Benefit	No
Unemployment Insurance Welfare Benefit	No
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 Broker	USD $26,713
Insurance broker organization code?	4
Amount paid for insurance broker fees	2706
Additional information about fees paid to insurance broker	MARKETING 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 number

141651

Policy instance

Insurance contract or identification number	141651
Number of Individuals Covered	76
Insurance policy start date	2020-01-01
Insurance policy end date	2020-12-31
Total amount of commissions paid to insurance broker	USD $18,694
Total amount of fees paid to insurance company	USD $7,519
Did the insurance company fail to provide any information necessary to complete Schedule A of form 5500?	No
Commission paid to Insurance Broker	USD $18,694
Insurance broker organization code?	4
Amount paid for insurance broker fees	7519
Additional information about fees paid to insurance broker	MARKETING 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

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

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