Retirement plan

RPM MANAGEMENT PROFIT SHARING PLAN

Name: RPM MANAGEMENT, LLC - RPM MANAGEMENT PROFIT SHARING PLAN (2020) Form 5500
Creator: RPM MANAGEMENT, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RPM MANAGEMENT PROFIT SHARING PLAN, RPM MANAGEMENT, LLC

RPM MANAGEMENT, LLCEIN 22-3323867Plan #001PY 2020

77 PARK STREET - MONTCLAIR, NJ 07042973-744-5410

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$19.2M

+23.6% from 2019

Total participants

164

+10.1% from 2019

Average account balance

$125,734

+5.8% from 2019

Annual return

17.01%

-4.02 pp from 2019

Benchmarks

See 1,006 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,006 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$31.77M

Not enough data

1 years with asset history on file

Average account balance

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

$190K

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.

167

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.

85.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.46M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$16K

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

+15.82%

Not enough data

1 years with return on file

Admin fee / account holder

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

$514

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 3 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: GREAT-WEST LIFE & ANNUITY INS., CO. Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$76,523
IBN FINANCIAL SERVICES, INC.4 years Service code 55 404 OLD LIVERPOOL ROAD · LIVERPOOL, NY 13088	Other Commissions	$68,156
RED BANK PENSION SERVICES, INC.4 years Service code 13 1161 BROAD ST., STE. 314 · SHREWSBURY, NJ 07702	Contract Administrator	$10,000

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$76K

$525 / participant

Contract admin$76K100.0%

% of EOY assets

0.396%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PKF O'CONNOR DAVIES LLP
Auditor EIN: 271728945
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,734

$62,132+102.4%

$185,835-32.3%

$73,493+71.1%

Participation rate

92.4%

67.8%+24.6pp

78.0%+14.4pp

70.7%+21.7pp

Annual return

17.01%

20.44%-3.4pp

35.96%-18.9pp

28.51%-11.5pp

Employer contribution / active EE

$8,142

$1,681+384.3%

$4,087+99.2%

$2,270+258.7%

Participant deferral / active EE

$5,428

$3,711+46.3%

$5,633-3.6%

$3,740+45.1%

Admin fee / account holder

$498

$419+18.9%

$9,502-94.8%

$513-3.0%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: GREAT-WEST LIFE & ANNUITY INS., CO.

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$76,523

IBN FINANCIAL SERVICES, INC.4 years

Service code 55

404 OLD LIVERPOOL ROAD · LIVERPOOL, NY 13088

Other Commissions

$68,156

RED BANK PENSION SERVICES, INC.4 years

Service code 13

1161 BROAD ST., STE. 314 · SHREWSBURY, NJ 07702

Contract Administrator

$10,000

RPM MANAGEMENT PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RPM MANAGEMENT PROFIT SHARING 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