Retirement plan

TRANSITIONS 401(K) PLAN

Name: TRANSITIONS INTERMEDIATE HOLDINGS - TRANSITIONS 401(K) PLAN (2023) Form 5500
Creator: TRANSITIONS INTERMEDIATE HOLDINGS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSITIONS 401(K) PLAN, TRANSITIONS INTERMEDIATE HOLDINGS

TRANSITIONS INTERMEDIATE HOLDINGSEIN 85-4312082Plan #001PY 2023

2312 TOUHY AVE - ELK GROVE VILLAGE, IL 60007331-230-0896

Prospect flagsHigh feesFailed to transmit contributions

How to read this page

Total assets (EOY)

$6.8M

+44.0% from 2022

Total participants

460

+36.9% from 2022

Average account balance

$15,887

+1.6% from 2022

Annual return

20.48%

+35.79 pp from 2022

Benchmarks

See 4,038 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants250-999

Cohort4,038 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$7.72M

Not enough data

1 years with asset history on file

Average account balance

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

$17K

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.

451

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.

92.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.87M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+11.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$443

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 3 by compensation

Provider	Service type	Compensation
LINCOLN NATIONAL CORPORATION3+ years Service code 13 · EIN 35-1140070 1301 S HARRISON STREET · FORT WAYNE, IN 468012248	Contract Administrator	$60,171
WELLS FARGO BANK, N.A.3+ years Filed as: WELLS FARGO ADVISORS Service code 27 · EIN 34-1542819 2056 WESTINGS AVENUE · NAPERVILLE, IL 60563	Advisory (Plan)	$27,086
WIPFLI LLP1 year Service code 27 · EIN 39-0758449 4949 HARRISON AVE #300 · ROCKFORD, IL 61108	Advisory (Plan)	$9,950

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D3H

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$158K

$543 / participant

Investment mgmt$57K35.9%
Contract admin$101K64.1%

% of EOY assets

2.326%

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: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$15,887

$47,163-66.3%

$149,696-89.4%

$74,460-78.7%

Participation rate

89.0%

63.4%+25.6pp

78.8%+10.2pp

70.7%+18.3pp

Annual return

20.48%

22.75%-2.3pp

134.46%-114.0pp

34.38%-13.9pp

Employer contribution / active EE

$2,815

$1,907+47.6%

$4,821-41.6%

$2,638+6.7%

Participant deferral / active EE

$5,428

$2,730+98.8%

$5,682-4.5%

$4,530+19.8%

Admin fee / account holder

$370

$343+7.7%

$13,212-97.2%

$348+6.2%

Provider

Service type

Compensation

LINCOLN NATIONAL CORPORATION3+ years

Service code 13 · EIN 35-1140070

1301 S HARRISON STREET · FORT WAYNE, IN 468012248

Contract Administrator

$60,171

WELLS FARGO BANK, N.A.3+ years

Filed as: WELLS FARGO ADVISORS

Service code 27 · EIN 34-1542819

2056 WESTINGS AVENUE · NAPERVILLE, IL 60563

Advisory (Plan)

$27,086

WIPFLI LLP1 year

Service code 27 · EIN 39-0758449

4949 HARRISON AVE #300 · ROCKFORD, IL 61108

Advisory (Plan)

$9,950

TRANSITIONS 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSITIONS 401(K) PLAN

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