Retirement plan

TRAX 401(K) PLAN

Name: TRAX RETAIL, INC. - TRAX 401(K) PLAN (2024) Form 5500
Creator: TRAX RETAIL, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRAX 401(K) PLAN, TRAX RETAIL, INC.

TRAX RETAIL, INC.EIN 32-0481900Plan #001PY 2024

1 BEACON STREET, 15TH FLOOR - BOSTON, MA 02108415-787-2566LinkedIn501-1000 employeesinformation technology and services

Prospect flagsLow participationLow employer contribution

How to read this page

Total assets (EOY)

$10.2M

+23.3% from 2023

Total participants

295

-13.2% from 2023

Average account balance

$47,397

+31.4% from 2023

Annual return

19.10%

-3.91 pp from 2023

Benchmarks

See 6,285 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,285 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.19M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$47K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

215

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

44.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.17M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+19.10%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$10

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC5 years Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$2,060
FRANKLIN TEMPLETON5 years Service code 28 · EIN 13-2670991	Investment Management	$0
MORGAN STANLEY SMITH BARNEY5 years Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
OAKMARK5 years Service code 28 · EIN 04-3276558	Investment Management	$0
T ROWE PRICE RPS INC5 years Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA Service code 28 · EIN 52-1222820	Investment Management	$0

Plan features & details

Pension benefit codes2S2F2G2J2T3D3H

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$2K

$14 / participant

Other / not subdivided$2K100.0%

% of EOY assets

0.020%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SILICON VALLEY ACCOUNTANCY
Auditor EIN: 770573994
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,397

$101,591-53.3%

$147,096-67.8%

$74,429-36.3%

Participation rate

44.8%

75.5%-30.7pp

82.2%-37.4pp

67.2%-22.4pp

Annual return

19.10%

8746.45%-8727.4pp

419.75%-400.7pp

1368.38%-1349.3pp

Employer contribution / active EE

$109

$3,813-97.1%

$4,936-97.8%

$2,625-95.8%

Participant deferral / active EE

$7,935

$7,302+8.7%

$8,071-1.7%

$4,348+82.5%

Admin fee / account holder

$10

$1,750-99.5%

$13,005-99.9%

$1,944-99.5%

Provider

Service type

Compensation

T ROWE PRICE RPS INC5 years

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$2,060

FRANKLIN TEMPLETON5 years

Service code 28 · EIN 13-2670991

Investment Management

MORGAN STANLEY SMITH BARNEY5 years

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

OAKMARK5 years

Service code 28 · EIN 04-3276558

Investment Management

T ROWE PRICE RPS INC5 years

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA

Service code 28 · EIN 52-1222820

Investment Management

TRAX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRAX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion