Retirement plan

TRANSDEV NORTH AMERICA, INC. 401K PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Name: TRANSDEV NORTH AMERICA, INC. - TRANSDEV NORTH AMERICA, INC. 401K PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES (2023) Form 5500
Creator: TRANSDEV NORTH AMERICA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSDEV NORTH AMERICA, INC. 401K PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES, TRANSDEV NORTH AMERICA, INC.

TRANSDEV NORTH AMERICA, INC.EIN 51-0387033Plan #003PY 2023

720 E BUTTERFIELD ROAD, SUITE 300 - LOMBARD, IL 60148630-230-2980transdevna.comLinkedIn10001+ employeestransportation/trucking/railroad

Other plans on this EIN

2 filings

#001Retirement-$130.1M assets #009Retirement-$42.4M assets

Prospect flagsLow participationLow assets / participantLow participant contributionFailed to provide benefit

How to read this page

Total assets (EOY)

$138M

-9.7% from 2016

Total participants

11,160

+9.6% from 2016

Average account balance

$31,281

-15.3% from 2016

Annual return

21.45%

-7.37 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$160.20M

Not enough data

1 years with asset history on file

Average account balance

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

$33K

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.

4,904

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.

36.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$26.49M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+11.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$64

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

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL8 years Service code 37 · EIN 04-2647786	Loan Processing	$116,930
MILLER COOPER & CO LTD4 years Filed as: MILLER COOPER & CO. LTD Service code 10 · EIN 36-2897372	Accounting	$20,050
AON CONSULTING2 years Filed as: AON INVESTMENTS USA Service code 27 · EIN 36-3109431	Advisory (Plan)	$19,125
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$12,594

Plan features & details

Pension benefit codes2F2G2J2K2T3F3H2E

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
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 contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$169K

$16 / participant

Recordkeeping$115K68.4%
Investment mgmt$32K18.8%
Contract admin$2K0.9%
Other / not subdivided$20K11.9%

% of EOY assets

0.122%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MILLER COOPER & CO, LTD
Auditor EIN: 362897372
Audit fees: $20,050
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,281

$119,999-73.9%

$70,589-55.7%

$96,393-67.5%

Participation rate

36.2%

66.2%-30.0pp

68.4%-32.2pp

71.3%-35.1pp

Annual return

21.45%

20.36%+1.1pp

32.80%-11.4pp

22.88%-1.4pp

Employer contribution / active EE

$559

$4,602-87.9%

$2,977-81.2%

$3,239-82.7%

Participant deferral / active EE

$1,282

$4,604-72.2%

$4,569-71.9%

$5,455-76.5%

Admin fee / account holder

$38

$95-59.6%

$6,430-99.4%

$74-48.3%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL8 years

Service code 37 · EIN 04-2647786

Loan Processing

$116,930

MILLER COOPER & CO LTD4 years

Filed as: MILLER COOPER & CO. LTD

Service code 10 · EIN 36-2897372

Accounting

$20,050

AON CONSULTING2 years

Filed as: AON INVESTMENTS USA

Service code 27 · EIN 36-3109431

Advisory (Plan)

$19,125

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$12,594

TRANSDEV NORTH AMERICA, INC. 401K PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSDEV NORTH AMERICA, INC. 401K PLAN FOR COLLECTIVELY BARGAINED EMPLOYEES

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