Plan Snapshot
- Plan Sponsor: Rhythm Management Group Corp
- Sponsor EIN: 814227066
- Sponsor Address: 6116 EXECUTIVE BLVD SUITE 670, ROCKVILLE, MD, 20852
- Plan Type: 401(k)
- Total Participants: 91
- Total Assets: $3.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 91 | $3.7M | $349,092 | $586,726 |
| 2023 | 133 | $3.0M | $473,722 | $790,228 |
| 2022 | 157 | $2.1M | $403,647 | $659,220 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| T.E.LOTT & COMPANY | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $50,999 | — | — | — | — |
| 2023 | $38,384 | — | $38,384 | — | — |
| 2022 | $23,097 | $2,965 | $17,167 | — | $2,965 |