Plan Ledger DOL Form 5500 · updated monthly

Resource Bank, N.A.401(k)

RESOURCE BANK PROFIT SHARING PLAN AND TRUST · DEKALB, IL · plan year 2024

Reported admin expense ratio · 2024
0.31%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Resource Bank, N.A. reported $68,252 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $3,217 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,531st-largest of 3,702 plans among Illinois employers on file, and 2,768th of 4,798 in finance & insurance. In 2024, employees put in $1.77 for every $1.00 the employer contributed; active participation has grown from 121 to 137 since 2022.

Plan summary
Net assets, end of year$23,917,467
Participants with balances153
Active participants137
Employer contributions$440,786
Employee contributions$778,117
Employer contribution per active participant$3,217
Average account balance$156,323
Benefits paid to participants$925,916
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.9M · 153 accts · $441K emplr
2023$20.5M · 149 accts · $397K emplr
2022$17.7M · 140 accts · $434K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,570
Trustee / custodial$66,682
Total administrative$68,252
The Resource Bank, N.A. 401(k) match · 2024
Employer contribution per active participant$3,217
Median for plans this size$2,416
2024$3,217 per active participant
2023$3,122 per active participant
2022$3,587 per active participant

Resource Bank, N.A.'s 2024 employer contribution ran above the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
BANKERS TRUST COMPANY · Recordkeeping · Trustee$68,252

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024BANKERS TRUST COMPANY
2023BANKERS TRUST COMPANY

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$68,252 · 0.31%
2023$58,442 · 0.31%
2022$61,894 · 0.30%
Same employer
Similar plansFinance & Insurance · Illinois
Providence Bank & Trust IL$25.1M · 0.20%
Great Lakes Credit Union IL$23.3M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361077820 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.