Resource Management 401(k) match, vesting and fees
What Resource Management's 401(k) plan says about matching contributions
The Employer will match a portion of the employees’ contribution, as determined by the respective client companies of the Employer. The matching Employer contribution is invested as directed by the participant.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 48 ↗ |
| Match vesting | Participants are vested immediately in their contributions plus actual earnings on the contributions. The participants vest in the Employer contributions and the related earnings thereon over periods of zero to five years, as designated by the client companies of the Employer. | Audit report, p. 48 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50 percent of their account balance. Loan transactions are treated as a transfer between the investment fund and the participant loan fund. The loans are secured by the balance in the participant’s account and bear interest at a rate commensurate with local prevailing rates as determined quarterly by the Plan administrator. | Audit report, p. 48 ↗ |
| Recordkeeper | United 401(k) Plans, Inc. | Schedule C ↗ |
| Independent auditor | Hbme, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 134 defined-contribution plans in professional, scientific, and technical services with 5,000 to 9,999 participants.
| Resource Management: employer contribution per participant | $1,764 | |
| Peer median | $2,514 |
| Resource Management: average balance | $43,540 | |
| Peer median | $122,517 |
| Resource Management: admin expenses ÷ assets | 0.59% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $242M at the end of plan year 2023 to $297M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 9,893 | $297M | $12.1M | $1,764 | 0.59% | Quoted in the audit report, p. 48 ↗ | Form 5500 ↗ |
| 2023 | 9,585 | $242M | $9.7M | $1,511 | 0.60% | Not published | Form 5500 ↗ |
Common questions
Does Resource Management match 401(k) contributions?
The audit report attached to the Resource Management, Inc. 401(k) Plan's plan year 2024 Form 5500, page 48 says: “The Employer will match a portion of the employees’ contribution, as determined by the respective client companies of the Employer. The matching Employer contribution is invested as directed by the participant.” Plan terms may have changed; check your current Summary Plan Description.
When is the Resource Management 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 48 says: “Participants are vested immediately in their contributions plus actual earnings on the contributions. The participants vest in the Employer contributions and the related earnings thereon over periods of zero to five years, as designated by the client companies of the Employer.”
Who manages the Resource Management 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is United 401(k) Plans, Inc.. The plan administrator is United 401(k) Plans, Inc..
I left Resource Management. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (United 401(k) Plans, Inc., (801) 746-0595) or the recordkeeper, United 401(k) Plans, Inc.. The Resource Management old 401(k) page lists the contacts from every plan filing. Find an old Resource Management 401(k)
Data from the public Form 5500 annual reports Resource Management filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Resource Management. Not financial advice. Report a correction · Methodology