Plan Snapshot
- Plan Sponsor: Rpm Management, LLC
- Sponsor EIN: 223323867
- Sponsor Address: 77 PARK STREET, MONTCLAIR, NJ, 07042
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 190
- Total Assets: $31.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 190 | $31.8M | $0 | $0 |
| 2024 | 143 | $26.6M | $1.3M | $862,381 |
| 2023 | 145 | $23.4M | $519,739 | $840,100 |
| 2022 | 144 | $19.9M | $469,162 | $844,164 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INS. CO. OF AMERICA | Recordkeeper | $87,231 | — | $87,231 |
| IBN FINANCIAL SERVICES, INC. | Investment Advisor | — | $65,156 | $65,156 |
| RED BANK PENSION SERVICES, INC. | Recordkeeper | — | $10,000 | $10,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $162,387
- Estimated Expense Ratio: 0.511% of plan assets
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 |
|---|---|---|---|---|---|
| 2025 | $1,644,343 | — | $85,801 | — | — |
| 2024 | $75,120 | — | — | — | — |
| 2023 | $64,248 | — | $64,248 | — | — |
| 2022 | $65,712 | — | $65,712 | — | — |