Plan Ledger DOL Form 5500 · updated monthly

Resource Management Concepts, Inc.401(k)

RESOURCE MANAGEMENT CONCEPTS, INC 401(K) PLAN · LEXINGTON PARK, MD · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Resource Management Concepts, Inc. reported $60,595 in plan administrative expenses for 2024: 0.14% of average plan assets, below the peer median. Employer contributions averaged $2,330 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 fell from 0.22% to 0.14%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 334th-largest of 1,671 plans among Maryland employers on file, and the 2,860th of 11,654 in professional & technical services. In 2024, employees put in $3.50 for every $1.00 the employer contributed; active participation has grown from 483 to 771 since 2022.

Plan summary
Net assets, end of year$47,801,475
Participants with balances991
Active participants771
Employer contributions$1,796,233
Employee contributions$6,281,128
Employer contribution per active participant$2,330
Average account balance$48,236
Benefits paid to participants$5,475,975
Plan auditUnmodified (clean) audit opinion
AuditorASKEY, ASKEY & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$47.8M · 991 accts · $1.8M emplr
2023$38.6M · 874 accts · $1.4M emplr
2022$28.6M · 654 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,875
Investment management$40,720
Audit (IQPA)$12,000
Total administrative$60,595
The Resource Management Concepts, Inc. 401(k) match · 2024
Employer contribution per active participant$2,330
Median for plans this size$2,416
2024$2,330 per active participant
2023$2,037 per active participant
2022$2,266 per active participant

Resource Management Concepts, Inc.'s 2024 employer contribution ran below 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 · 20243
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$40,720
ASKEY ASKEY & ASSOCIATES CPA LLC · Accounting / audit$12,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,875

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$60,595 · 0.14%
2023$51,010 · 0.15%
2022$65,161 · 0.22%
Same employer
Similar plansProfessional & Technical Services · Maryland
Calibre CPA Group, PLLC MD$49.8M · 0.19%
Coronis Global LLC MD$49.3M · 0.32%
Gse Systems, Inc. MD$49.0M · 0.18%
Varen Technologies, Inc. MD$48.0M · 0.22%
Aem Commercial, Inc. MD$47.3M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521874850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.