Retirement plan

RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN

Name: RESOURCES CONNECTION LLC D/B/A RESOURCES GLOBAL PROFESSIONALS - RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN (2023) Form 5500
Creator: RESOURCES CONNECTION LLC D/B/A RESOURCES GLOBAL PROFESSIONALS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESOURCES GLOBAL PROFESSIONALS 401(K) SAVINGS PLAN, RESOURCES CONNECTION LLC D/B/A RESOURCES GLOBAL PROFESSIONALS

RESOURCES CONNECTION LLC D/B/A RESOURCES GLOBAL PROFESSIONALSEIN 51-0377920Plan #001PY 2023

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

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$460.4M

-13.0% from 2017

Total participants

4,079

+0.5% from 2017

Average account balance

$134,276

-13.2% from 2017

Annual return

19.33%

-16.19 pp from 2017

Benchmarks

See 353 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort353 peers

Snapshot2023

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 5 by compensation

Provider	Service type	Compensation
BENEFIT FINANCIAL SERVICES GROUP1 year Service code 27 · EIN 65-1212237	Advisory (Plan)	$59,500
BFSG LLC1 year Filed as: FOCUS OPERATING, LLC Service code 27 · EIN 20-8161914	Advisory (Plan)	$58,528
FIDELITY INVESTMENTS INSTITUTIONAL1 year Service code 37 · EIN 04-2647786	Loan Processing	$52,887
FARBER HASS HURLEY LLP5 years Service code 10 · EIN 20-4207759	Accounting	$23,860
STRATEGIC ADVISORS, INC.1 year Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,686

Plan features & details

Pension benefit codes2S2T3H2E2F2G2J3D2K

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.
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

2 tripped

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

$202K

$77 / participant

Recordkeeping$53K26.1%
Investment mgmt$125K61.8%
Contract admin$3000.1%
Other / not subdivided$24K12.0%

% of EOY assets

0.044%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: $23,860
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$134,276

$40,278+233.4%

$80,669+66.5%

$80,187+67.5%

Participation rate

75.2%

47.5%+27.6pp

67.0%+8.2pp

72.9%+2.2pp

Annual return

19.33%

50.86%-31.5pp

937.61%-918.3pp

40.40%-21.1pp

Employer contribution / active EE

$3,378

$1,332+153.6%

$2,724+24.0%

$2,980+13.4%

Participant deferral / active EE

$12,341

$2,696+357.8%

$4,444+177.7%

$5,016+146.0%

Admin fee / account holder

$59

$210-72.0%

$5,384-98.9%

$145-59.4%

Provider

Service type

Compensation

BENEFIT FINANCIAL SERVICES GROUP1 year

Service code 27 · EIN 65-1212237

Advisory (Plan)

$59,500

BFSG LLC1 year

Filed as: FOCUS OPERATING, LLC

Service code 27 · EIN 20-8161914

Advisory (Plan)

$58,528

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Service code 37 · EIN 04-2647786

Loan Processing

$52,887

FARBER HASS HURLEY LLP5 years

Service code 10 · EIN 20-4207759

Accounting

$23,860

STRATEGIC ADVISORS, INC.1 year

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,686

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