Retirement plan

TRANSITAMERICA SERVICES, INC. 401(K) PLAN - UNION

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

TRANSITAMERICA SERVICES, INC.EIN 56-2515761Plan #001PY 2024

93 CAHILL STREET - SAN JOSE, CA 95110816-676-5672transitamericaservices.comLinkedIn1-10 employeestransportation/trucking/railroad

Other plans on this EIN

1 filing

#002Retirement-$1.5M assets

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$20.1M

+22.6% from 2023

Total participants

462

+2.7% from 2023

Average account balance

$91,236

+14.8% from 2023

Annual return

17.89%

-1.56 pp from 2023

Benchmarks

See 679 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants250-999

Cohort679 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$20.07M

Not enough data

1 years with asset history on file

Average account balance

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

$91K

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.

220

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.

44.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.75M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.89%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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 2 by compensation

Provider	Service type	Compensation
T ROWE PRICE RPS INC6 years Service code 15 1307 POINT STREET · BALTIMORE, MD 21231	Recordkeeping	$27,793
IMA WEALTH INC7 years Service code 16 8200 E 32ND STREET · WICHITA, KS 67226	Consulting	$13,256

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$41K

$94 / participant

Recordkeeping$28K67.8%
Other / not subdivided$13K32.2%

% of EOY assets

0.204%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$91,236

$55,457+64.5%

$76,119+19.9%

$77,736+17.4%

Participation rate

44.5%

63.6%-19.1pp

69.1%-24.6pp

70.6%-26.1pp

Annual return

17.89%

17.09%+0.8pp

361.25%-343.4pp

31.26%-13.4pp

Employer contribution / active EE

$1,792-100.0%

$2,693-100.0%

$2,728-100.0%

Participant deferral / active EE

$4,024

$3,454+16.5%

$4,259-5.5%

$4,651-13.5%

Admin fee / account holder

$186

$411-54.7%

$6,421-97.1%

$433-57.0%

Provider

Service type

Compensation

T ROWE PRICE RPS INC6 years

Service code 15

1307 POINT STREET · BALTIMORE, MD 21231

Recordkeeping

$27,793

IMA WEALTH INC7 years

Service code 16

8200 E 32ND STREET · WICHITA, KS 67226

Consulting

$13,256

TRANSITAMERICA SERVICES, INC. 401(K) PLAN - UNION

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSITAMERICA SERVICES, INC. 401(K) PLAN - UNION

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