Retirement plan

TRANSITION PROJECTS, INC. 401(K) EMPLOYEE SAVINGS PLAN

Name: TRANSITION PROJECTS, INC. - TRANSITION PROJECTS, INC. 401(K) EMPLOYEE SAVINGS PLAN (2021) Form 5500
Creator: TRANSITION PROJECTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, TRANSITION PROJECTS, INC. 401(K) EMPLOYEE SAVINGS PLAN, TRANSITION PROJECTS, INC.

TRANSITION PROJECTS, INC.EIN 93-0591582Plan #001PY 2021

665 NW HOYT ST. - PORTLAND, OR 97209503-313-2161tprojects.orgLinkedIn201-500 employeesnon-profit organization management

Prospect flagsLow participationRecently reached 100 employeesLow fidelity bondFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$2.5M

+46.3% from 2020

Total participants

209

+9.4% from 2020

Average account balance

$22,894

+0.2% from 2020

Annual return

29.97%

+20.07 pp from 2020

Benchmarks

See 5,350 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort5,350 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$4.29M

Not enough data

1 years with asset history on file

Average account balance

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

$26K

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.

164

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.

40.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$599K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$139

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
CETERA ADVISOR NETWORKS LLC1 year Filed as: CETERA ADVISOR NETWORKS Service code 27 200 N. PACIFIC COAST HWY. · EL SEGUNDO, CA 90245	Advisory (Plan)	$9,966
ASCENSUS LLC2 years Service code 15 · EIN 11-3665754	Recordkeeping	$2,191

Plan features & details

Pension benefit codes2A2E3D2G2J2K2F2T

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.
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.
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

5 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
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).
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$12K

$74 / participant

Investment mgmt$10K82.0%
Contract admin$2K18.0%

% of EOY assets

0.478%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: KERN THOMPSON
Auditor EIN: 931157146
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,894

$61,172-62.6%

$185,851-87.7%

$79,389-71.2%

Participation rate

40.6%

66.6%-26.0pp

81.7%-41.1pp

70.7%-30.1pp

Annual return

29.97%

19.45%+10.5pp

122.11%-92.1pp

116.89%-86.9pp

Employer contribution / active EE

$946

$2,321-59.2%

$5,168-81.7%

$2,428-61.0%

Participant deferral / active EE

$1,364

$2,788-51.1%

$5,569-75.5%

$4,046-66.3%

Admin fee / account holder

$110

$710-84.6%

$16,245-99.3%

$626-82.5%

Provider

Service type

Compensation

CETERA ADVISOR NETWORKS LLC1 year

Filed as: CETERA ADVISOR NETWORKS

Service code 27

200 N. PACIFIC COAST HWY. · EL SEGUNDO, CA 90245

Advisory (Plan)

$9,966

ASCENSUS LLC2 years

Service code 15 · EIN 11-3665754

Recordkeeping

$2,191

TRANSITION PROJECTS, INC. 401(K) EMPLOYEE SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

TRANSITION PROJECTS, INC. 401(K) EMPLOYEE SAVINGS 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