Retirement plan

RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN

Name: RESOURCES GLOBAL PROFESSIONALS - RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN (2018) Form 5500
Creator: RESOURCES GLOBAL PROFESSIONALS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN, RESOURCES GLOBAL PROFESSIONALS

RESOURCES GLOBAL PROFESSIONALSEIN 51-0377920Plan #001PY 2018

17101 ARMSTRONG AVENUE - IRVINE, CA 92614714-430-6400

Prospect flagsLow participationFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$336M

-13.0% from 2017

Total participants

4,552

+0.5% from 2017

Average account balance

$105,316

-13.2% from 2017

Annual return

13.83%

-16.19 pp from 2017

Benchmarks

See 286 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort286 peers

Snapshot2018

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

Analytics

Total assets (EOY)

Plan-year ending balance

$493.68M

Not enough data

1 years with asset history on file

Average account balance

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

$166K

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.

2,981

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.

74.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$34.35M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.20%

Not enough data

1 years with return on file

Admin fee / account holder

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

$72

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 3 by compensation

Provider	Service type	Compensation
401K ADVISORS INC3+ years Filed as: 401K BFSG, INC. Service code 27 · EIN 65-1212237	Advisory (Plan)	$119,000
JOHN HANCOCK LIFE INSURANCE COMPANY3+ years Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS Service code 15 · EIN 01-0233346	Recordkeeping	$33,547
WARNICK, MAESTAS & MARONEY3+ years Service code 10 · EIN 33-0961419	Accounting	$6,196

Plan features & details

Pension benefit codes2E2F2G2J2K3H2T

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).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$159K

$51 / participant

Investment mgmt$119K75.0%
Contract admin$34K21.1%
Other / not subdivided$6K3.9%

% of EOY assets

0.047%

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: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$105,316

$34,242+207.6%

$76,518+37.6%

$75,289+39.9%

Participation rate

56.6%

43.9%+12.7pp

68.0%-11.4pp

72.4%-15.8pp

Annual return

13.83%

-0.98%+14.8pp

-0.27%+14.1pp

-0.04%+13.9pp

Employer contribution / active EE

$1,666

$975+70.9%

$2,647-37.1%

$2,405-30.7%

Participant deferral / active EE

$7,013

$1,872+274.5%

$3,836+82.8%

$3,739+87.6%

Admin fee / account holder

$50

$112-55.5%

$4,849-99.0%

$102-51.4%

Provider

Service type

Compensation

401K ADVISORS INC3+ years

Filed as: 401K BFSG, INC.

Service code 27 · EIN 65-1212237

Advisory (Plan)

$119,000

JOHN HANCOCK LIFE INSURANCE COMPANY3+ years

Filed as: JOHN HANCOCK RETIREMENT PLAN SRVCS

Service code 15 · EIN 01-0233346

Recordkeeping

$33,547

WARNICK, MAESTAS & MARONEY3+ years

Service code 10 · EIN 33-0961419

Accounting

$6,196

RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESOURCES GLOBAL PROFESSIONALS 401(K) 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