Plan Ledger DOL Form 5500 · updated monthly

Resource Logistics Inc.401(k)

RESOURCE LOGISTICS INC. 401(K) PLAN · EAST BRUNSWICK, NJ · plan year 2023

Reported admin expense ratio · 2023
0.17%

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

Resource Logistics Inc. reported $6,556 in plan administrative expenses for 2023: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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 2 years on file its reported administrative ratio rose from 0.01% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New Jersey (1,941st of 2,419), and 1,940th of 2,199 in information & media.

Plan summary
Net assets, end of year$4,357,663
Participants with balances365
Active participants235
Employer contributions$0
Employee contributions$811,213
Employer contribution per active participant$0
Average account balance$11,939
Benefits paid to participants$752,766
Plan auditUnmodified (clean) audit opinion
AuditorJOSEPH CHEN AND ZHU, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 477 accts
2023$4.4M · 365 accts
2022$3.6M · 312 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,056
Audit (IQPA)$5,500
Total administrative$6,556
The Resource Logistics Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Resource Logistics Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
JOSEPH CHEN & ZHU LLP · Accounting / audit$5,500
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$1,056
PARK AVENUE SECURITIESindirect comp
APW CAPITAL INCindirect comp

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

Administrative cost history3
2024$43,843 · 1.04%
2023$6,556 · 0.17%
2022$294 · 0.01%
Similar plansInformation & Media · New Jersey
Leap Group Holdings, Inc. NJ$5.8M · 0.34%
East Coast News NJ$4.6M · 0.52%
Bravo Workforce LLC NJ$3.3M · 0.42%
Newagesys, Inc. NJ$3.0M · 0.43%
Owmn, LTD. NJ$2.3M · 0.16%
Drs Holdings, LLC NJ$1.8M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223529088 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.