Retirement plan

TANDYM GROUP HOLDINGS, LLC

Name: TANDYM GROUP HOLDINGS, LLC - TANDYM GROUP HOLDINGS, LLC (2024) Form 5500
Creator: TANDYM GROUP HOLDINGS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TANDYM GROUP HOLDINGS, LLC, TANDYM GROUP HOLDINGS, LLC

TANDYM GROUP HOLDINGS, LLCEIN 81-3058939Plan #001PY 2024

675 THIRD AVENUE 5TH FLOOR - NEW YORK, NY 10017212-922-1001

Prospect flagsLow participationLow employer contributionCorrective distributions

How to read this page

Total assets (EOY)

$23.1M

+15.1% from 2023

Total participants

5,249

+111.5% from 2023

Average account balance

$18,874

-45.5% from 2023

Annual return

21.42%

-36.67 pp from 2023

Benchmarks

See 62 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort62 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$23.14M

Not enough data

1 years with asset history on file

Average account balance

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

$19K

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.

1,226

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.

20.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.91M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$771

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

+21.42%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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
CAPFINANCIAL PARTNERS LLC6 years Service code 27 · EIN 26-0058143	Advisory (Plan)	$105,110
FIDELITY INVESTMENTS INSTITUTIONAL7+ years Service code 37 · EIN 04-2647786	Loan Processing	$66,738

Plan features & details

Pension benefit codes2A2E2G2J2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
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.

Opportunity flags

3 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.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$172K

$34 / participant

Recordkeeping$67K38.8%
Investment mgmt$105K61.2%

% of EOY assets

0.743%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: L2G, INC
Auditor EIN: 475660414
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,874

$41,040-54.0%

$85,187-77.8%

$99,314-81.0%

Participation rate

20.6%

34.4%-13.8pp

67.5%-46.9pp

71.7%-51.1pp

Annual return

21.42%

17.44%+4.0pp

66.67%-45.2pp

17.67%+3.7pp

Employer contribution / active EE

$1,106-100.0%

$2,732-100.0%

$3,264-100.0%

Participant deferral / active EE

$771

$2,193-64.8%

$4,525-83.0%

$5,346-85.6%

Admin fee / account holder

$140

$177-20.8%

$6,162-97.7%

$109+28.4%

Provider

Service type

Compensation

CAPFINANCIAL PARTNERS LLC6 years

Service code 27 · EIN 26-0058143

Advisory (Plan)

$105,110

FIDELITY INVESTMENTS INSTITUTIONAL7+ years

Service code 37 · EIN 04-2647786

Loan Processing

$66,738

TANDYM GROUP HOLDINGS, LLC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TANDYM GROUP HOLDINGS, LLC

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