Retirement plan

RPM INTERNATIONAL INC. 401(K) TRUST AND PLAN

Name: RPM INTERNATIONAL INC. - RPM INTERNATIONAL INC. 401(K) TRUST AND PLAN (2023) Form 5500
Creator: RPM INTERNATIONAL INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RPM INTERNATIONAL INC. 401(K) TRUST AND PLAN, RPM INTERNATIONAL INC.

RPM INTERNATIONAL INC.EIN 02-0642224Plan #011PY 2023

2628 PEARL RD - MEDINA, OH 44256330-273-5090rpminc.comLinkedIn10001+ employeeschemicals

Other plans on this EIN

4 filings

#010Retirement-$668.4M assets #007Retirement-$11.0M assets #008Retirement-$3.8M assets #012Retirement-$1.0M assets

Prospect flagsFailed to provide benefit

How to read this page

Total assets (EOY)

$1241M

-8.4% from 2016

Total participants

11,141

-3.6% from 2016

Average account balance

$115,435

-4.7% from 2016

Annual return

21.41%

-6.81 pp from 2016

Benchmarks

See 57 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort57 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.39B

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

10,947

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.

92.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$91.79M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+16.71%

Not enough data

1 years with return on file

Admin fee / account holder

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

$55

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 2 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES2 years Service code 27 · EIN 94-3250323	Advisory (Plan)	$235,226
FIDELITY INVESTMENTS INSTITUTIONAL5 years Service code 37 · EIN 04-2647786	Loan Processing	$214,996

Plan features & details

Pension benefit codes2E2J2K3H

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

1 tripped

ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.

Expense breakdown

Schedule H Part II

Admin total

$450K

$49 / participant

Recordkeeping$210K46.6%
Investment mgmt$235K52.2%
Contract admin$5K1.1%

% of EOY assets

0.036%

all-in expense ratio

Categories reported

3 / 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, P.C.
Auditor EIN: 135381590
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$115,435

$136,310-15.3%

$98,462+17.2%

$103,657+11.4%

Participation rate

95.7%

89.2%+6.5pp

75.2%+20.6pp

73.4%+22.3pp

Annual return

21.41%

19.67%+1.7pp

21.20%+0.2pp

33.13%-11.7pp

Employer contribution / active EE

$3,131

$4,714-33.6%

$3,049+2.7%

$3,216-2.6%

Participant deferral / active EE

$6,285

$7,358-14.6%

$4,738+32.6%

$5,218+20.4%

Admin fee / account holder

$42

$76-45.0%

$8,875-99.5%

$114-63.3%

Provider

Service type

Compensation

FINANCIAL ENGINES2 years

Service code 27 · EIN 94-3250323

Advisory (Plan)

$235,226

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Service code 37 · EIN 04-2647786

Loan Processing

$214,996

RPM INTERNATIONAL INC. 401(K) TRUST AND PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RPM INTERNATIONAL INC. 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