Retirement plan

RESIDEO TECHNOLOGIES, INC. 401(K) PLAN

Name: RESIDEO TECHNOLOGIES, INC. - RESIDEO TECHNOLOGIES, INC. 401(K) PLAN (2023) Form 5500
Creator: RESIDEO TECHNOLOGIES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESIDEO TECHNOLOGIES, INC. 401(K) PLAN, RESIDEO TECHNOLOGIES, INC.

RESIDEO TECHNOLOGIES, INC.EIN 82-5318796Plan #001PY 2023

16100 N. 71ST STREET SUITE 550 - SCOTTSDALE, AZ 85254862-242-1810

Other plans on this EIN

1 filing

#002Retirement-$197.0M assets

Prospect flagsNo flags tripped

Top hat statement on fileNQDC

Filed February 25, 2019

Plan administrator

Plan administrator name— Sign in and upgrade to view

2 Corporate Center Dr.

Melville State: NY Zip Code: 11747

Email— Sign in and upgrade to view Phone— Sign in and upgrade to view

Plans declared (4)

Resideo Technologies Inc. Supplemental Savings Plan45 emp
Resideo Supplemental Pension Plan46 emp
Resideo Technologies, Inc. Severance Plan for Designated Officers7 emp
Severance Pay Plan For Designated Executive Employees of Resideo Technologies, Inc.40 emp

Total covered: 138 employees

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Total assets (EOY)

$221.4M

-86.7% from 2019

Total participants

3,959

-12.6% from 2019

Average account balance

$56,778

-80.3% from 2019

Annual return

27.94%

-282.88 pp from 2019

Benchmarks

See 309 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants1,000-4,999

Cohort309 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$277.13M

Not enough data

1 years with asset history on file

Average account balance

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

$78K

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.

3,535

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.

88.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$43.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+19.80%

Not enough data

1 years with return on file

Admin fee / account holder

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

$78

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

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Service providers

Top 2 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6+ years Filed as: FIDELITY INVSMTS INST. OP. COMP LLC Service code 64 · EIN 04-2647786	Recordkeeping Fees	$48,039
CROWE LLP5 years Service code 10 · EIN 35-0921680	Accounting	$30,573

Plan features & details

Pension benefit codes2F2G2J2K2S2T3D3H

Plan features

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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$79K

$26 / participant

Recordkeeping$48K61.1%
Other / not subdivided$31K38.9%

% of EOY assets

0.036%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CROWE LLP
Auditor EIN: 350921680
Audit fees: $30,573
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,778

$85,144-33.3%

$130,070-56.3%

$80,187-29.2%

Participation rate

98.0%

79.5%+18.5pp

78.5%+19.5pp

72.9%+25.1pp

Annual return

27.94%

23.78%+4.2pp

-137.40%+165.3pp

40.40%-12.5pp

Employer contribution / active EE

$6,250

$3,059+104.3%

$4,322+44.6%

$2,980+109.8%

Participant deferral / active EE

$9,636

$4,992+93.0%

$5,821+65.5%

$5,016+92.1%

Admin fee / account holder

$20

$392-94.9%

$10,600-99.8%

$145-86.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6+ years

Filed as: FIDELITY INVSMTS INST. OP. COMP LLC

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$48,039

CROWE LLP5 years

Service code 10 · EIN 35-0921680

Accounting

$30,573

RESIDEO TECHNOLOGIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESIDEO TECHNOLOGIES, INC. 401(K) PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

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