Retirement plan

TRAX 401(K) PLAN

Name: TRAX RETAIL, INC. - TRAX 401(K) PLAN (2020) 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 2020

1 BEACON ST. FL 15TH - BOSTON, MA 02108415-787-2566LinkedIn501-1000 employeesinformation technology and services

Prospect flagsLow participationLow employer contributionRecently reached 100 employeesFailed to transmit contributions

How to read this page

Total assets (EOY)

$5M

+78.9% from 2019

Total participants

281

+42.6% from 2019

Average account balance

$34,257

+8.3% from 2019

Annual return

43.86%

-50.19 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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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

See the 7-year trajectory. $4.99 for your first month.

Solo adds 10-year history, peer benchmarks, provider and welfare analytics, saves, and exports. Then $34.99 a month.

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Service providers

Top 8 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC1 year Filed as: T. ROWE PRICE RPS, INC. Service code 15 · EIN 52-1309931	Recordkeeping	$13,151
FRANKLIN TEMPLETON1 year Service code 28 · EIN 13-2670991	Investment Management	$0
INVESCO1 year Service code 28 · EIN 26-4521338	Investment Management	$0
MORGAN STANLEY SMITH BARNEY1 year Filed as: JP MORGAN FUNDS Service code 28 · EIN 13-2624428	Investment Management	$0
OAKMARK1 year Service code 28 · EIN 04-3276558	Investment Management	$0
PIMCO FUNDS1 year Service code 28 · EIN 33-0629048	Investment Management	$0
T ROWE PRICE RPS INC1 year Filed as: T ROWE PRICE RPS, INC Service code 15	Recordkeeping	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA INVESTMENTS Service code 28 · EIN 41-0991508	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

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$13K

$55 / participant

Other / not subdivided$13K100.0%

% of EOY assets

0.261%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$34,257

$99,957-65.7%

$149,696-77.1%

$73,488-53.4%

Participation rate

43.5%

75.7%-32.2pp

82.5%-39.0pp

70.7%-27.2pp

Annual return

43.86%

53.87%-10.0pp

276.60%-232.7pp

28.51%+15.3pp

Employer contribution / active EE

$600

$3,191-81.2%

$4,644-87.1%

$2,270-73.6%

Participant deferral / active EE

$5,644

$6,073-7.1%

$6,842-17.5%

$3,740+50.9%

Admin fee / account holder

$89

$551-83.8%

$9,309-99.0%

$513-82.6%

Provider

Service type

Compensation

T ROWE PRICE RPS INC1 year

Filed as: T. ROWE PRICE RPS, INC.

Service code 15 · EIN 52-1309931

Recordkeeping

$13,151

FRANKLIN TEMPLETON1 year

Service code 28 · EIN 13-2670991

Investment Management

INVESCO1 year

Service code 28 · EIN 26-4521338

Investment Management

MORGAN STANLEY SMITH BARNEY1 year

Filed as: JP MORGAN FUNDS

Service code 28 · EIN 13-2624428

Investment Management

OAKMARK1 year

Service code 28 · EIN 04-3276558

Investment Management

PIMCO FUNDS1 year

Service code 28 · EIN 33-0629048

Investment Management

T ROWE PRICE RPS INC1 year

Filed as: T ROWE PRICE RPS, INC

Service code 15

Recordkeeping

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA INVESTMENTS

Service code 28 · EIN 41-0991508

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