Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Transworld Systems
Transworld Systems 401(k)
- Administrative and support and waste management services
- Lake Forest, IL
- EIN 94-1728881
- 1 plan with Schedule H financials
- Plan year 2024
- Transworld Systems Inc.
- SEC registrant Transworld Systems Inc
Administrative expenses excluding investment management, per participant · The TSI 401(k) Retirement Savings Plan · plan year 2024
$73.61
Higher than 37% of the 8,758 plans $50 to 250M that report it.
Source
= $331,541 / 4,504
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015114352NAL0004443009001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015114352NAL0004443009001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Cost and contributions
Administrative expenses per participant
$80.03
Higher than 27% of the 9,042 plans $50 to 250M that report it.
Source
= $360,475 / 4,504
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015114352NAL0004443009001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015114352NAL0004443009001, received 2025-10-15
Administrative expenses as a share of assets
0.356%
Higher than 92% of the 9,049 plans $50 to 250M that report it.
Source
= $360,475 / $101,362,990
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015114352NAL0004443009001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015114352NAL0004443009001, received 2025-10-15
Employer contributions per participant
$305
Higher than 2% of the 9,105 plans $50 to 250M that report it.
Source
= $1,373,815 / 4,504
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015114352NAL0004443009001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015114352NAL0004443009001, received 2025-10-15
Employer share of total contributions
15.5%
Higher than 10% of the 9,112 plans $50 to 250M that report it.
Source
= $1,373,815 / $8,867,838
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015114352NAL0004443009001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015114352NAL0004443009001, received 2025-10-15
Plan terms, as stated in Transworld Systems Inc.'s SEC filings
Plan terms are described in Transworld Systems Inc.'s SEC filings: Form 10-K filed 2011-03-31. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3D IRS pre-approved plan · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015114352NAL0004443009001, received 2025-10-15
Full record, The TSI 401(k) Retirement Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | TRANSWORLD SYSTEMS INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Plan name | THE TSI 401(K) RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Sponsor EIN / plan number | 94-1728881 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Sponsor location | LAKE FOREST, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Industry (business code) | 561440, Administrative and support and waste management services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Participants, beginning of year | 6,195 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Active participants | 4,872 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Participants, end of year | 5,590 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Participants with an account balance | 4,504 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total assets, beginning of year | $97,835,033 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total assets, end of year | $101,362,990 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Net assets, end of year | $101,362,990 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total income | $18,415,697 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Net income | $3,527,957 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Employer contributions | $1,373,815 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Participant contributions | $5,549,180 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Other contributions (incl. rollovers) | $1,944,843 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total contributions | $8,867,838 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Benefit payments | $14,527,265 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $14,887,740 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Total administrative expenses | $360,475 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Contract administrator fees | $312,251 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Investment advisory and management fees | $28,934 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Administrative expenses excluding investment management | $331,541 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Held in mutual funds | $70,562,154 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015114352NAL0004443009001, received 2025-10-15 |
| Independent auditor | MILLER, COOPER & CO., LTD | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251015114352NAL0004443009001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015114352NAL0004443009001, received 2025-10-15.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANYrecordkeeper | CONTRACT ADMINISTRATOR | 13 Contract administrator; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $312,250 | yes |
| MERRILL LYNCH PIERCE FENNER & SMITH | CONSULTANT | 17 Consulting (pension); 27 Investment advisory (plan); 50 Direct payment from the plan | $48,225 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015114352NAL0004443009001, received 2025-10-15.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $97,835,033 | $101,362,990 | 3.6% |
| Participants with a balance | 4,824 | 4,504 | -6.6% |
| Administrative expenses | $357,700 | $360,475 | 0.8% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $1,659,753 | $1,373,815 | -17.2% |
Prior filing 20241015120309NAL0049216656001, received 2024-10-15; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: TRANSWORLD SYSTEMS INC.; SEC registrant: TRANSWORLD SYSTEMS INC (CIK 1058626, matched by EIN).