Retirement plan

RHYTHM MANAGEMENT GROUP CORP 401(K) PLAN

Name: RHYTHM MANAGEMENT GROUP CORP - RHYTHM MANAGEMENT GROUP CORP 401(K) PLAN (2024) Form 5500
Creator: RHYTHM MANAGEMENT GROUP CORP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RHYTHM MANAGEMENT GROUP CORP 401(K) PLAN, RHYTHM MANAGEMENT GROUP CORP

RHYTHM MANAGEMENT GROUP CORPEIN 81-4227066Plan #001PY 2024

6116 EXECUTIVE BLVD SUITE 670 - ROCKVILLE, MD 20852202-899-2614

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$3.7M

+22.5% from 2023

Total participants

147

-23.0% from 2023

Average account balance

$26,867

+54.4% from 2023

Annual return

23.41%

-5.80 pp from 2023

Benchmarks

See 21,729 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants25-99

Cohort21,729 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$3.71M

Not enough data

1 years with asset history on file

Average account balance

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

$27K

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.

138

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.

90.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$936K

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

+23.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$370

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 5 by compensation

Provider	Service type	Compensation
PRINCIPAL LIFE INSURANCE COMPANY3 years Service code 13 · EIN 42-0127290	Contract Administrator	$23,743
PRIME BENEFITS, INC.3 years Service code 13 · EIN 52-2204662	Contract Administrator	$10,338
SIGNATURE ESTATE & INVESTMENT1 year Filed as: SIGNATURE ESTATE & INVESTMT ADVISOR Service code 27 · EIN 95-4806910	Advisory (Plan)	$8,769
MERRILL LYNCH PIERCE FENNER & SMITH3 years Service code 17 · EIN 13-5674085	Pension Consulting	$8,147
PRIME BENEFITS, INC.2 years Filed as: PRIME BENEFITS INC Service code 13	Contract Administrator	$1,654

Plan features & details

Pension benefit codes2E2J2K2F2G3D

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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$51K

$560 / participant

Other / not subdivided$51K100.0%

% of EOY assets

1.376%

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: T.E.LOTT & COMPANY
Auditor EIN: 640575804
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$26,867

$81,276-66.9%

$155,574-82.7%

$80,925-66.8%

Participation rate

90.1%

66.2%+23.9pp

78.2%+11.9pp

67.7%+22.5pp

Annual return

23.41%

33.36%-9.9pp

64.87%-41.5pp

35.65%-12.2pp

Employer contribution / active EE

$3,836

$3,103+23.6%

$4,676-18.0%

$2,756+39.2%

Participant deferral / active EE

$6,448

$3,453+86.7%

$5,629+14.5%

$4,299+50.0%

Admin fee / account holder

$370

$7,993-95.4%

$15,914-97.7%

$6,940-94.7%

Provider

Service type

Compensation

PRINCIPAL LIFE INSURANCE COMPANY3 years

Service code 13 · EIN 42-0127290

Contract Administrator

$23,743

PRIME BENEFITS, INC.3 years

Service code 13 · EIN 52-2204662

Contract Administrator

$10,338

SIGNATURE ESTATE & INVESTMENT1 year

Filed as: SIGNATURE ESTATE & INVESTMT ADVISOR

Service code 27 · EIN 95-4806910

Advisory (Plan)

$8,769

MERRILL LYNCH PIERCE FENNER & SMITH3 years

Service code 17 · EIN 13-5674085

Pension Consulting

$8,147

PRIME BENEFITS, INC.2 years

Filed as: PRIME BENEFITS INC

Service code 13

Contract Administrator

$1,654

RHYTHM MANAGEMENT GROUP CORP 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RHYTHM MANAGEMENT GROUP CORP 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