Trans-fast Remittance Llc 401(k) Plan: Login, Facts & Contact Information

No recent filing

No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.

Trans-fast Remittance Llc 401(k) Plan Facts (plan year 2020)

Plan name
TRANS-FAST REMITTANCE LLC 401(K) PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
TRANS-FAST REMITTANCE LLC
Participants
120 (68 active employees)
Former employees with a balance
11
Plan assets
$2,391,558 at Dec 31, 2020
Average account balance
$70,340 across 34 accounts
Plan year
Jan 1, 2020 – Dec 31, 2020
Plan established
Jan 1, 1989
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Jan 11, 2022. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2020

  • $378,637 went into the plan in contributions.
  • $194,810 was paid out to participants.
  • Investment and other income added $362,892.
  • Administrative expenses were $995, about $29 per account.

How the Trans-fast Remittance Llc 401(k) changed, 2015–2020

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201582$819,108—$80,552
2016104$1.09 million—$36,035
2017120$1.50 million—$93,779
2018118$1.45 million—$179,685
2019123$1.89 million—$195,343
2020120$2.39 million—$194,810

Trans-fast Remittance Llc 401(k) Contact Information

Phone
212-382-2828
Mailing address
44 WALL STREET- SUITE 800, NEW YORK NY 10005
Plan sponsor
TRANS-FAST REMITTANCE LLC
Employer identification number (EIN)
20-5767056
Plan number
001

Questions about the Trans-fast Remittance Llc 401(k)

Is the Trans-fast Remittance Llc 401(k) plan still active?

We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.

Does Trans-fast Remittance Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement.

Does the Trans-fast Remittance Llc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Trans-fast Remittance Llc 401(k) plan?

120 participants at the start of plan year 2020, 68 of them active employees, and 11 former employees who still had money in the plan.

What is the average 401(k) balance at Trans-fast Remittance Llc?

About $70,340 per account: $2.39 million in plan assets across 34 accounts with a balance at the end of plan year 2020.

Who manages the Trans-fast Remittance Llc 401(k) accounts?

Voya Financial is the plan's recordkeeper, which is where participants log in to see their balance.

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