Retirement plan

TROON GOLF, L.L.C. 401(K) PLAN

Name: TROON GOLF, L.L.C. - TROON GOLF, L.L.C. 401(K) PLAN (2021) Form 5500
Creator: TROON GOLF, L.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TROON GOLF, L.L.C. 401(K) PLAN, TROON GOLF, L.L.C.

TROON GOLF, L.L.C.EIN 86-0832529Plan #001PY 2021

15044 N SCOTTSDALE ROAD SUITE 300 - SCOTTSDALE, AZ 85254480-477-0460

Prospect flagsLow assets / participantLow employer contributionFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed February 4, 2025 (most recent of 2 filings on file)

Plan administrator

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15044 N Scottsdale Road, Suite 300

Scottsdale, AZ 85254

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Plans declared (1)

Troon Deferred Compensation Plan134 emp

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Total assets (EOY)

$222.8M

-19.7% from 2016

Total participants

18,433

-4.2% from 2016

Average account balance

$13,361

-16.6% from 2016

Annual return

38.28%

-14.73 pp from 2016

Benchmarks

See 1,072 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,072 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$333.70M

Not enough data

1 years with asset history on file

Average account balance

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

$10K

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.

33,384

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.

85.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$54.81M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+18.16%

Not enough data

1 years with return on file

Admin fee / account holder

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

$53

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

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Service providers

Top 6 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$994,973
SAGEVIEW ADVISORY GROUP, LLC7+ years Service code 27 1920 MAIN STREET · IRVINE, CA 92614	Advisory (Plan)	$143,843
MAYER HOFFMAN MCCANN P.C.1 year Filed as: MAYER HOFFMAN MCCANN, PC Service code 10 1065 AVENUE OF AMERICAS · NEW YORK, NY 10018	Accounting	$16,000
ASCENSUS LLC1 year Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA Service code 10 101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101	Accounting	$14,299
CLIFTONLARSONALLEN LLP1 year Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR Service code 10 1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523	Accounting	$13,189
TROON CDM LLC DBA CLIFF DRYSDALE MA2 years Service code 10 15044 N SCOTTSDALE RD STE 300 · SCOTTSDALE, AZ 85254	Accounting	$7,204

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T3B3D3H

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.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

4 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.2M

$97 / participant

Investment mgmt$195K16.4%
Contract admin$995K83.6%

% of EOY assets

0.534%

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: MAYER HOFFMAN MCCANN, PC
Auditor EIN: 431947695
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$13,361

$106,520-87.5%

$142,908-90.7%

$106,520-87.5%

Participation rate

85.6%

71.3%+14.3pp

72.0%+13.7pp

71.3%+14.3pp

Annual return

38.28%

19.28%+19.0pp

5640.16%-5601.9pp

19.28%+19.0pp

Employer contribution / active EE

$271

$2,840-90.5%

$4,146-93.5%

$2,840-90.5%

Participant deferral / active EE

$1,690

$4,948-65.8%

$3,838-56.0%

$4,948-65.8%

Admin fee / account holder

$71

$75-4.2%

$6,560-98.9%

$75-4.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$994,973

SAGEVIEW ADVISORY GROUP, LLC7+ years

Service code 27

1920 MAIN STREET · IRVINE, CA 92614

Advisory (Plan)

$143,843

MAYER HOFFMAN MCCANN P.C.1 year

Filed as: MAYER HOFFMAN MCCANN, PC

Service code 10

1065 AVENUE OF AMERICAS · NEW YORK, NY 10018

Accounting

$16,000

ASCENSUS LLC1 year

Filed as: ASCENSUS HOLDINGS INC DBA FUTUREPLA

Service code 10

101 W BROADWAY STE 1420 · SAN DIEGO, CA 92101

Accounting

$14,299

CLIFTONLARSONALLEN LLP1 year

Filed as: CLIFTON LARSON ALLEN WEALTH ADVISOR

Service code 10

1301 W 22ND ST STE 1100 · OAK BROOK, IL 60523

Accounting

$13,189

TROON CDM LLC DBA CLIFF DRYSDALE MA2 years

Service code 10

15044 N SCOTTSDALE RD STE 300 · SCOTTSDALE, AZ 85254

Accounting

$7,204

TROON GOLF, L.L.C. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TROON GOLF, L.L.C. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

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