RPM International Inc. 401(k) Review & Grade
RPM International Inc. 401(k) Trust and Plan
Medina, OHManufacturing9,356 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,243Employer $ per active participant
$6,567Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$127,240Average balance per account
Score breakdown
- Employer generosity23.6 / 5047th percentile for employer $ per participant
- Low cost20.1 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 80th |
| Employee saving | 56th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- RPM International put in about $3,243 per active participant, below the typical peer ($3,452). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $30,344,162 |
| Participant (employee) contributions | $61,443,321 |
| Other contributions (incl. rollovers in) | $10,867,293 |
| Administrative expenses paid from the plan | $604,009 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $379,914 |
| Benefits paid out | $147,266,257 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 9,122 / 9,590 |
| Participants with account balances | 10,947 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
| Employer stock held by plan | $58,758,424 |
Largest service providers (Schedule C)
| Financial Engines | $379,914 reported compensation |
| Fidelity Investments Institutional | $224,072 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250620155557NAL0002369763001, received 2025-06-20, EIN 02-0642224, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.