TRANSFORM 401(K) SAVINGS PLAN · HOFFMAN ESTATES, IL · plan year 2021
Employer contribution per participant · 2021
$0
Transform Midco LLC's 2021 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $241,513,838 across 3,251 participant accounts, with employer contributions averaging $0 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $50M–$250M size bracket, benchmarked here against 32 comparable plans and shown alongside other retail trade employers. By assets it is the 286th-largest of 3,702 plans among Illinois employers on file, and the 189th of 5,215 in retail trade. In 2021, employees put in $35134.46 for every $1.00 the employer contributed; active participation has shrunk from 26,854 to 7,358 since 2019.
Plan summary
Net assets, end of year$241,513,838
Participants with balances3,251
Active participants7,358
Employer contributions$372
Employee contributions$13,070,019
Employer contribution per active participant$0
Average account balance$74,289
Benefits paid to participants$35,661,304
Plan auditUnmodified (clean) audit opinion
AuditorSIKICH LLP
Plan history6
Yearassets · accounts · employer contribution
2024$212.1M · 2,447 accts · $1.1M emplr
2023$200.4M · 2,665 accts · $752K emplr
2022$188.5M · 2,882 accts
2021$241.5M · 3,251 accts · $372 emplr
2020$232.1M · 3,742 accts · $889 emplr
2019$200.9M · 5,159 accts
The Transform Midco LLC 401(k) match · 2021
Employer contribution per active participant$0
Median for plans this size$2,545
2024$258 per active participant
2023$140 per active participant
2021$0 per active participant
2020$0 per active participant
Transform Midco LLC's 2021 employer contribution ran below the $2,545 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Source: U.S. Department of Labor, Form 5500 series, EIN 833374195 ·
Verify on EFAST2 ·
Amounts are as reported by the plan sponsor for the plan year shown.