Retirement plan

RESOURCING EDGE RETIREMENT SAVINGS PLAN

Name: RESOURCING EDGE I, LLC. - RESOURCING EDGE RETIREMENT SAVINGS PLAN (2019) Form 5500
Creator: RESOURCING EDGE I, LLC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESOURCING EDGE RETIREMENT SAVINGS PLAN, RESOURCING EDGE I, LLC.

RESOURCING EDGE I, LLC.EIN 46-3045894Plan #002PY 2019

1309 RIDGE RD., SUITE 200 - ROCKWELL, TX 75087877-703-8010LinkedIn1-10 employeeshuman resources

Other plans on this EIN

1 filing

#001Retirement-$3K assets

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$113.5M

-8.7% from 2020

Total participants

9,422

+23.7% from 2020

Average account balance

$44,650

-78.4% from 2020

Annual return

0.00%

-9.88 pp from 2020

Benchmarks

See 38 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort38 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$321.31M

Not enough data

1 years with asset history on file

Average account balance

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

$41K

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.

7,894

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.

53.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$50.56M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+27.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$176

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 7 by compensation

Provider	Service type	Compensation
JP MORGAN INVESTMENT MANAGEMENT INC1+ years Filed as: ADVANTAGE INVESTMENT MANAGEMENT Service code 27 · EIN 26-3061540	Advisory (Plan)	$168,176
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 49 · EIN 04-1590850	Other Services	$118,463
SOUDERS FINANCIAL ADVISORS LLC1+ years Service code 27 · EIN 82-4516448	Advisory (Plan)	$101,447
INDEPENDENT FINANCIAL PARTNERS1+ years Service code 27 · EIN 59-3331424	Advisory (Plan)	$24,073
PHILLIP V GEORGE DBA PHILLIP V GEOR1+ years Filed as: PHILLIP C MAY P.C. Service code 10 · EIN 80-0794417	Accounting	$7,500
PHILLIP V GEORGE DBA PHILLIP V GEOR1+ years Filed as: PHILLIP C. MAY P.C.CERTIFIED PUBLIC Service code 10 · EIN 80-0794417	Accounting	$7,500
AMERICAN REALTY ADVISORS1+ years Filed as: AMERICAN PENSION SERVICES, LLC Service code 13 2451 MCMULLEN BOOTH ROAD STE 200 · CLEARWATER, FL 33759	Contract Administrator	$0

Plan features & details

Pension benefit codes2E2F2J2K2T3D

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).
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

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$134K

$15 / participant

Investment mgmt$19K13.8%
Contract admin$116K86.2%

% of EOY assets

0.118%

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: SCHNEIDER DOWNS & CO., INC.
Auditor EIN: 251408703
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,650

$34,813+28.3%

$84,646-47.3%

$82,204-45.7%

Participation rate

23.3%

33.8%-10.5pp

68.2%-44.9pp

73.4%-50.1pp

Annual return

0.00%

44.87%-44.9pp

258.85%-258.8pp

26.31%-26.3pp

Employer contribution / active EE

$355

$718-50.6%

$2,654-86.6%

$2,707-86.9%

Participant deferral / active EE

$1,077

$1,334-19.3%

$3,901-72.4%

$4,246-74.6%

Admin fee / account holder

$53

$107-50.5%

$4,915-98.9%

$76-30.1%

Provider

Service type

Compensation

JP MORGAN INVESTMENT MANAGEMENT INC1+ years

Filed as: ADVANTAGE INVESTMENT MANAGEMENT

Service code 27 · EIN 26-3061540

Advisory (Plan)

$168,176

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 49 · EIN 04-1590850

Other Services

$118,463

SOUDERS FINANCIAL ADVISORS LLC1+ years

Service code 27 · EIN 82-4516448

Advisory (Plan)

$101,447

INDEPENDENT FINANCIAL PARTNERS1+ years

Service code 27 · EIN 59-3331424

Advisory (Plan)

$24,073

PHILLIP V GEORGE DBA PHILLIP V GEOR1+ years

Filed as: PHILLIP C MAY P.C.

Service code 10 · EIN 80-0794417

Accounting

$7,500

PHILLIP V GEORGE DBA PHILLIP V GEOR1+ years

Filed as: PHILLIP C. MAY P.C.CERTIFIED PUBLIC

Service code 10 · EIN 80-0794417

Accounting

$7,500

AMERICAN REALTY ADVISORS1+ years

Filed as: AMERICAN PENSION SERVICES, LLC

Service code 13

2451 MCMULLEN BOOTH ROAD STE 200 · CLEARWATER, FL 33759

Contract Administrator

RESOURCING EDGE RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESOURCING EDGE RETIREMENT 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