Retirement plan

RHP STAFFING COMPANY 401(K) PLAN

Name: RHP STAFFING COMPANY - RHP STAFFING COMPANY 401(K) PLAN (2024) Form 5500
Creator: RHP STAFFING COMPANY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RHP STAFFING COMPANY 401(K) PLAN, RHP STAFFING COMPANY

RHP STAFFING COMPANYEIN 38-3475016Plan #001PY 2024

31200 NORTHWESTERN HWY - FARMINGTON HILLS, MI 48334248-538-3326LinkedIn201-500 employeesreal estate

Prospect flagsLow participation

How to read this page

Total assets (EOY)

$12.3M

+51.0% from 2023

Total participants

1,054

+15.1% from 2023

Average account balance

$23,764

+20.2% from 2023

Annual return

17.06%

-11.62 pp from 2023

Benchmarks

See 665 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants250-999

Cohort665 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$12.26M

Not enough data

1 years with asset history on file

Average account balance

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

$24K

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.

516

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.

44.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.69M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+17.06%

Not enough data

1 years with return on file

Admin fee / account holder

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

$186

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
ONEDIGITAL INVESTMENT ADVISORS LLC2 years Filed as: ONE DIGITAL INVESTMENT ADVISORS Service code 26 · EIN 43-1451524	Advisory (Participants)	$30,397
HUNTINGTON NATIONAL BANK5 years Service code 15 · EIN 31-0966785	Recordkeeping	$5,418

Plan features & details

Pension benefit codes2E2F2G2J3D

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.
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

1 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.

Expense breakdown

Schedule H Part II

Admin total

$96K

$100 / participant

Contract admin$96K100.0%

% of EOY assets

0.783%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: PLANTE& MORAN, PLLC
Auditor EIN: 381357951
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$23,764

$62,688-62.1%

$178,528-86.7%

$77,714-69.4%

Participation rate

44.2%

66.9%-22.6pp

77.1%-32.9pp

70.6%-26.3pp

Annual return

17.06%

16.16%+0.9pp

27.11%-10.1pp

31.26%-14.2pp

Employer contribution / active EE

$1,405

$1,912-26.5%

$3,950-64.4%

$2,727-48.5%

Participant deferral / active EE

$2,416

$4,224-42.8%

$6,278-61.5%

$4,649-48.0%

Admin fee / account holder

$186

$386-51.8%

$10,419-98.2%

$433-57.0%

Provider

Service type

Compensation

ONEDIGITAL INVESTMENT ADVISORS LLC2 years

Filed as: ONE DIGITAL INVESTMENT ADVISORS

Service code 26 · EIN 43-1451524

Advisory (Participants)

$30,397

HUNTINGTON NATIONAL BANK5 years

Service code 15 · EIN 31-0966785

Recordkeeping

$5,418

RHP STAFFING COMPANY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RHP STAFFING COMPANY 401(K) 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