Retirement plan

RPM INTERNATIONAL INC. UNION 401(K) TRUST AND PLAN

Name: RPM INTERNATIONAL INC. - RPM INTERNATIONAL INC. UNION 401(K) TRUST AND PLAN (2022) Form 5500
Creator: RPM INTERNATIONAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RPM INTERNATIONAL INC. UNION 401(K) TRUST AND PLAN, RPM INTERNATIONAL INC.

RPM INTERNATIONAL INC.EIN 02-0642224Plan #007PY 2022

P.O. BOX 777 - MEDINA, OH 44258330-273-5090rpminc.comLinkedIn10001+ employeeschemicals

Other plans on this EIN

4 filings

#011Retirement-$1.03B assets #010Retirement-$674.8M assets #008Retirement-$3.0M assets #012Retirement-$642K assets

Prospect flagsLow participationFailed to provide benefit

How to read this page

Total assets (EOY)

$9.2M

-8.1% from 2016

Total participants

268

-3.5% from 2016

Average account balance

$50,991

+3.3% from 2016

Annual return

-15.21%

-4.90 pp from 2016

Benchmarks

See 1,871 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants100-249

Cohort1,871 peers

Snapshot2022

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$11.60M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$80K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

145

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

42.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$853K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.56%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$34

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL4 years Service code 37 · EIN 04-2647786	Loan Processing	$8,835

Plan features & details

Pension benefit codes2E2K3H2J

Plan features

2E
Profit-sharing
Profit-sharing plan.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$9K

$37 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.096%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$50,991

$72,639-29.8%

$90,767-43.8%

$66,954-23.8%

Participation rate

63.3%

73.7%-10.4pp

75.7%-12.4pp

69.8%-6.5pp

Annual return

-15.21%

-12.28%-2.9pp

-12.16%-3.1pp

1.57%-16.8pp

Employer contribution / active EE

$1,065

$2,369-55.0%

$2,922-63.5%

$2,545-58.1%

Participant deferral / active EE

$2,216

$3,979-44.3%

$4,565-51.5%

$4,239-47.7%

Admin fee / account holder

$49

$708-93.1%

$8,445-99.4%

$594-91.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL4 years

Service code 37 · EIN 04-2647786

Loan Processing

$8,835

RPM INTERNATIONAL INC. UNION 401(K) TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RPM INTERNATIONAL INC. UNION 401(K) TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion