Retirement plan

TRANSFORM PUERTO RICO SAVINGS PLAN

Name: TRANSFORM MIDCO LLC - TRANSFORM PUERTO RICO SAVINGS PLAN (2022) 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 2022

5407 TRILLIUM BLVD., SUITE B120 - HOFFMAN ESTATES, IL 60192847-286-2500

Other plans on this EIN

2 filings

#001Retirement-$188.5M assets #002Retirement-$188.5M assets

Prospect flagsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$2.5M

-30.6% from 2021

Total participants

242

-29.2% from 2021

Average account balance

$29,951

-5.2% from 2021

Annual return

-11.38%

-20.80 pp from 2021

Benchmarks

See 473 peers

Peer group

Industry45 - Retail Trade

Plan typeDefined contribution

Participants100-249

Cohort473 peers

Snapshot2022

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

$29,951

$44,714-33.0%

$91,225-67.2%

$66,938-55.3%

Participation rate

15.8%

65.0%-49.2pp

73.2%-57.4pp

69.8%-54.0pp

Annual return

-11.38%

-12.25%+0.9pp

114.12%-125.5pp

1.58%-13.0pp

Employer contribution / active EE

$1,710-100.0%

$2,851-100.0%

$2,545-100.0%

Participant deferral / active EE

$489

$3,355-85.4%

$4,233-88.4%

$4,238-88.5%

Admin fee / account holder

$521-100.0%

$5,422-100.0%

$594-100.0%

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