RSM US, LLP 401(k) Review & Grade
The RSM US LLP Retirement Plan
Davenport, IAProfessional, Scientific & Technical Services14,624 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,648Employer $ per active participant
$12,305Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$3.4BNet plan assets, end of year
$158,048Average balance per account
Score breakdown
- Employer generosity46.4 / 5093th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 74th |
| Employee saving | 77th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Corrective distributions: the plan refunded $49,274 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RSM US, LLP put in about $6,648 per active participant, more than the typical peer ($2,932). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $97,227,475 |
| Participant (employee) contributions | $179,951,820 |
| Other contributions (incl. rollovers in) | $45,253,359 |
| Administrative expenses paid from the plan | $1,440,456 |
| Contract administrator fees | $4,500 |
| Investment advisory & management fees | $422,146 |
| Other admin expenses | $165,000 |
| Benefits paid out | $258,457,422 |
| Net assets, start / end of year | $2.9B / $3.4B |
| Active participants, start / end of year | 14,728 / 14,521 |
| Participants with account balances | 21,356 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $952,911 reported compensation |
| Strategic Advisors, Inc. | $422,146 reported compensation |
| Northern Trust | $165,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929120254NAL0015154291001, received 2025-09-29, EIN 42-0714325, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.