Retirement plan

TRANSFORM PUERTO RICO SAVINGS PLAN

Name: TRANSFORM MIDCO LLC - TRANSFORM PUERTO RICO SAVINGS PLAN (2020) Form 5500
Creator: TRANSFORM MIDCO LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSFORM PUERTO RICO SAVINGS PLAN, TRANSFORM MIDCO LLC

TRANSFORM MIDCO LLCEIN 83-3374195Plan #003PY 2020

3333 BEVERLY ROAD, D-707 BEN - HOFFMAN ESTATES, IL 60179847-286-2500

Other plans on this EIN

2 filings

#001Retirement-$232.1M assets #002Retirement-$232.1M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$3.6M

+3.5% from 2019

Total participants

891

-66.8% from 2019

Average account balance

$16,850

+46.1% from 2019

Annual return

13.61%

+13.61 pp from 2019

Benchmarks

See 248 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort248 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.84M

Not enough data

1 years with asset history on file

Average account balance

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

$49K

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.

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.

35.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$67K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$413

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

+10.69%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1676

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3H

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.
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 participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SIKICH LLP
Auditor EIN: 363168081
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$16,850

$51,447-67.2%

$104,639-83.9%

$73,412-77.0%

Participation rate

18.9%

68.2%-49.4pp

74.1%-55.2pp

72.2%-53.3pp

Annual return

13.61%

25.06%-11.4pp

340.67%-327.1pp

59.30%-45.7pp

Employer contribution / active EE

$1,441-100.0%

$2,682-100.0%

$2,234-100.0%

Participant deferral / active EE

$430

$3,058-85.9%

$3,738-88.5%

$3,806-88.7%

Admin fee / account holder

$122-100.0%

$6,465-100.0%

$158-100.0%

TRANSFORM PUERTO RICO SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

TRANSFORM PUERTO RICO SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion