Retirement plan

RESOURCE MANAGEMENT, INC. 401(K) PLAN

Name: RESOURCE MANAGEMENT, INC. - RESOURCE MANAGEMENT, INC. 401(K) PLAN (2015) Form 5500
Creator: RESOURCE MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RESOURCE MANAGEMENT, INC. 401(K) PLAN, RESOURCE MANAGEMENT, INC.

RESOURCE MANAGEMENT, INC.EIN 87-0499948Plan #333PY 2015

510 SOUTH 200 WEST - SALT LAKE CITY, UT 84101801-355-0200rminc.comLinkedIn5001-10000 employeeshuman resources

Prospect flagsLow participationLow assets / participantLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$71.4M

-17.9% from 2016

Total participants

7,241

-13.9% from 2016

Average account balance

$21,171

+18.7% from 2016

Annual return

6.80%

-7.84 pp from 2016

Benchmarks

See 67 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants5,000-9,999

Cohort67 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$297.64M

Not enough data

1 years with asset history on file

Average account balance

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

$44K

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.

6,832

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.

64.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$40.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+19.11%

Not enough data

1 years with return on file

Admin fee / account holder

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

$235

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 6 by compensation

Provider	Service type	Compensation
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS MUTUAL LIFE INS CO Service code 15 · EIN 04-1590850	Recordkeeping	$492,296
LPL FINANCIAL1+ years Service code 27 · EIN 04-3046611	Advisory (Plan)	$145,414
UNITED 401(K) PLANS, INC.1+ years Service code 14	Plan Administrator	$87,040
HANSEN BRADSHAW MALMROSE & ERICKSON1+ years Service code 10 · EIN 87-0367930	Accounting	$9,800
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSACHUSETTS LIFE INSURANCE CO Service code 15	Recordkeeping	$845
UNITED 401K PLANS, INC.1+ years Filed as: UNITED 401K PLANS INC Service code 14 · EIN 20-5321813	Plan Administrator	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2A2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$492K

$71 / participant

Other / not subdivided$492K100.0%

% of EOY assets

0.690%

all-in expense ratio

Categories reported

0 / 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: HANSEN BRADSHAW MALMROSE & ERICKSON
Auditor EIN: 870367930
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,171

$79,558-73.4%

$115,038-81.6%

$67,505-68.6%

Participation rate

43.9%

74.3%-30.4pp

81.4%-37.5pp

71.2%-27.3pp

Annual return

6.80%

4.65%+2.1pp

26.14%-19.3pp

6.52%+0.3pp

Employer contribution / active EE

$450

$2,529-82.2%

$4,608-90.2%

$2,173-79.3%

Participant deferral / active EE

$1,059

$5,510-80.8%

$6,026-82.4%

$3,597-70.6%

Admin fee / account holder

$146

$60+144.1%

$8,175-98.2%

$56+160.0%

Provider

Service type

Compensation

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS MUTUAL LIFE INS CO

Service code 15 · EIN 04-1590850

Recordkeeping

$492,296

LPL FINANCIAL1+ years

Service code 27 · EIN 04-3046611

Advisory (Plan)

$145,414

UNITED 401(K) PLANS, INC.1+ years

Service code 14

Plan Administrator

$87,040

HANSEN BRADSHAW MALMROSE & ERICKSON1+ years

Service code 10 · EIN 87-0367930

Accounting

$9,800

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSACHUSETTS LIFE INSURANCE CO

Service code 15

Recordkeeping

$845

UNITED 401K PLANS, INC.1+ years

Filed as: UNITED 401K PLANS INC

Service code 14 · EIN 20-5321813

Plan Administrator

RESOURCE MANAGEMENT, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RESOURCE MANAGEMENT, INC. 401(K) 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