Plan Ledger DOL Form 5500 · updated monthly

The Resource Company, Inc.401(k)

THE RESOURCE COMPANY, INC. 401 (K) PLAN · WINSTON SALEM, NC · plan year 2022

Reported admin expense ratio · 2022
0.04%

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

The Resource Company, Inc. reported $2,180 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $822 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in North Carolina (1,472nd of 2,005), and 1,445th of 2,534 in administrative & support services. In 2022, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,906,438
Participants with balances53
Active participants151
Employer contributions$124,049
Employee contributions$219,225
Employer contribution per active participant$822
Average account balance$92,574
Benefits paid to participants$280,336
Plan auditUnmodified (clean) audit opinion
AuditorBUTLER & BURKE LLP
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$330
Professional / advisory$1,850
Total administrative$2,180
The The Resource Company, Inc. 401(k) match · 2022
Employer contribution per active participant$822
Median for plans this size$1,114

The Resource Company, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$2,180 · 0.04%
Same employer
Similar plansAdministrative & Support Services · North Carolina
The Budd Group, Inc. NC$5.4M · 0.32%
Bni Global LLC NC$5.4M · 0.12%
Rcs Corporation NC$5.3M · 0.30%
Demayo Holding, Inc. NC$5.0M · 1.06%
Trident Management, Inc. NC$4.3M · 0.15%
Rcs Corporation NC$4.2M · 0.31%
Edu Healthcare LLC NC$3.0M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561249635 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.