Retirement plan

RESOURCING EDGE RETIREMENT SAVINGS PLAN

Name: RESOURCING EDGE I, LLC - RESOURCING EDGE RETIREMENT SAVINGS PLAN (2021) 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, LLCEIN 46-3045894Plan #002PY 2021

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

Other plans on this EIN

1 filing

#001Retirement--

Prospect flagsLow returnsHigh feesLow participationFailed to transmit contributions

How to read this page

Total assets (EOY)

$127.3M

-8.7% from 2020

Total participants

5,005

+23.7% from 2020

Average account balance

$46,332

-78.4% from 2020

Annual return

0.49%

-9.88 pp from 2020

Benchmarks

See 323 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort323 peers

Snapshot2021

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
AMERICAN REALTY ADVISORS2 years Filed as: AMERICAN PENSION SERVICES, INC. Service code 13 · EIN 26-3921633	Contract Administrator	$597,993
SOUDERS FINANCIAL ADVISORS LLC3+ years Service code 27 · EIN 82-4516448	Advisory (Plan)	$365,247
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE Service code 52 · EIN 04-1590850	Indirect Investment Fees	$147,816
AMERICAN REALTY ADVISORS3+ years Filed as: AMERICAN PENSION SERVICES, LLC Service code 13 2454 MCMULLEN BOOTH RD STE 431 · CLEARWATER, FL 33759	Contract Administrator	$34,513
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS, INC. Service code 27 · EIN 43-1451524	Advisory (Plan)	$33,899
SCHNEIDER DOWNS & CO., INC.1 year Service code 10 · EIN 25-1408703	Accounting	$24,256
AMERICAN REALTY ADVISORS1 year Filed as: AMERICAN PENSIONS SERVICES, INC. Service code 13 · EIN 26-3921633	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

4 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$835K

$223 / participant

Investment mgmt$399K47.8%
Contract admin$151K18.1%
Other / not subdivided$284K34.1%

% of EOY assets

0.656%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SOMERSET CPAS, P.C.
Auditor EIN: 201717681
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$46,332

$45,719+1.3%

$96,188-51.8%

$93,010-50.2%

Participation rate

39.7%

45.8%-6.1pp

68.4%-28.7pp

73.9%-34.2pp

Annual return

0.49%

3211.95%-3211.5pp

192.12%-191.6pp

158.70%-158.2pp

Employer contribution / active EE

$1,136

$1,139-0.2%

$2,800-59.4%

$2,705-58.0%

Participant deferral / active EE

$3,282

$2,344+40.0%

$4,350-24.5%

$4,561-28.0%

Admin fee / account holder

$304

$128+137.3%

$5,538-94.5%

$152+100.3%

Provider

Service type

Compensation

AMERICAN REALTY ADVISORS2 years

Filed as: AMERICAN PENSION SERVICES, INC.

Service code 13 · EIN 26-3921633

Contract Administrator

$597,993

SOUDERS FINANCIAL ADVISORS LLC3+ years

Service code 27 · EIN 82-4516448

Advisory (Plan)

$365,247

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INSURANCE

Service code 52 · EIN 04-1590850

Indirect Investment Fees

$147,816

AMERICAN REALTY ADVISORS3+ years

Filed as: AMERICAN PENSION SERVICES, LLC

Service code 13

2454 MCMULLEN BOOTH RD STE 431 · CLEARWATER, FL 33759

Contract Administrator

$34,513

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS, INC.

Service code 27 · EIN 43-1451524

Advisory (Plan)

$33,899

SCHNEIDER DOWNS & CO., INC.1 year

Service code 10 · EIN 25-1408703

Accounting

$24,256

AMERICAN REALTY ADVISORS1 year

Filed as: AMERICAN PENSIONS SERVICES, INC.

Service code 13 · EIN 26-3921633

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