Westak, Inc.ESOP
WESTAK EMPLOYEE STOCK OWNERSHIP PLAN · SUNNYVALE, CA · plan year 2022
Westak, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,219,379 across 552 participant accounts, with employer contributions averaging $1,756 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in California (8,202nd of 9,483), and 12,724th of 13,661 in manufacturing.
Westak, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
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Source: U.S. Department of Labor, Form 5500 series, EIN 942204915 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.