Plan Snapshot
- Plan Sponsor: The Rmr Group LLC
- Sponsor EIN: 043583787
- Sponsor Address: 255 WASHINGTON STREET, NEWTON, MA, 024581637
- Plan Type: 401(k)
- Total Participants: 1,024
- Total Assets: $143.2M
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. |
|---|---|---|---|---|
| 2024 | 1,024 | $143.2M | $3.2M | $7.4M |
| 2023 | 609 | $118.9M | $3.0M | $6.9M |
| 2022 | 611 | $102.8M | $2.7M | $6.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $242,160 | $1,698 | $243,858 |
| REGIONS BANK | INVESTMENT ADVISORY | $103,726 | $18 | $103,744 |
| BAKER NEWMAN NOYES LLC | ACCOUNTANT | — | $20,700 | $20,700 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $368,302
- Estimated Expense Ratio: 0.257% 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 |
|---|---|---|---|---|---|
| 2024 | $345,886 | $103,726 | $242,160 | — | — |
| 2023 | $234,260 | $86,677 | $147,583 | — | — |
| 2022 | $239,093 | $86,257 | $152,836 | — | — |