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RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameRPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 003

RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • Partial participant-directed account plan - Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

401k Sponsoring company profile

RPM BUSINESS SOLUTIONS, INC. has sponsored the creation of one or more 401k plans.

Company Name:RPM BUSINESS SOLUTIONS, INC.
Employer identification number (EIN):952916552
NAIC Classification:541519
NAIC Description:Other Computer Related Services

Form 5500 Filing Information

Submission information for form 5500 for 401k plan RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01GILBERT ROMOFF2024-03-27
0032022-01-01GILBERT ROMOFF2023-04-25
0032021-01-01GILBERT ROMOFF2022-04-15
0032020-01-01GILBERT ROMOFF2021-04-14
0032019-01-01GILBERT ROMOFF2020-05-14
0032018-01-01
0032017-01-01
0032016-01-01
0032015-01-01
0032014-01-01
0032013-01-01
0032012-01-01GILBERT ROMOFF2013-06-11 GILBERT ROMOFF2013-06-11
0032011-01-01GILBERT ROMOFF2012-07-25 GILBERT ROMOFF2012-07-25
0032010-01-01GILBERT ROMOFF2011-08-16 GILBERT ROMOFF2011-08-16

Plan Statistics for RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-018
Total number of active participants reported on line 7a of the Form 55002023-01-016
Number of retired or separated participants receiving benefits2023-01-010
Number of other retired or separated participants entitled to future benefits2023-01-011
Total of all active and inactive participants2023-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-017
Number of participants with account balances2023-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0110
Total number of active participants reported on line 7a of the Form 55002022-01-017
Number of retired or separated participants receiving benefits2022-01-010
Number of other retired or separated participants entitled to future benefits2022-01-011
Total of all active and inactive participants2022-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-018
Number of participants with account balances2022-01-014
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0110
Total number of active participants reported on line 7a of the Form 55002021-01-018
Number of retired or separated participants receiving benefits2021-01-011
Number of other retired or separated participants entitled to future benefits2021-01-011
Total of all active and inactive participants2021-01-0110
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-010
Total participants2021-01-0110
Number of participants with account balances2021-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-018
Total number of active participants reported on line 7a of the Form 55002020-01-016
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-011
Total of all active and inactive participants2020-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-010
Total participants2020-01-018
Number of participants with account balances2020-01-015
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010
2019: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-019
Total number of active participants reported on line 7a of the Form 55002019-01-016
Number of retired or separated participants receiving benefits2019-01-011
Number of other retired or separated participants entitled to future benefits2019-01-011
Total of all active and inactive participants2019-01-018
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-010
Total participants2019-01-018
Number of participants with account balances2019-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-010
2018: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-019
Total number of active participants reported on line 7a of the Form 55002018-01-017
Number of retired or separated participants receiving benefits2018-01-011
Number of other retired or separated participants entitled to future benefits2018-01-011
Total of all active and inactive participants2018-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-010
Total participants2018-01-019
Number of participants with account balances2018-01-016
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-010
2017: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-018
Total number of active participants reported on line 7a of the Form 55002017-01-016
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-013
Total of all active and inactive participants2017-01-019
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-010
Total participants2017-01-019
Number of participants with account balances2017-01-017
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-010
2016: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-018
Total number of active participants reported on line 7a of the Form 55002016-01-016
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-011
Total of all active and inactive participants2016-01-017
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-011
Total participants2016-01-018
Number of participants with account balances2016-01-018
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-010

Financial Data on RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total plan liabilities at end of year2023-12-31$0
Total plan liabilities at beginning of year2023-12-31$0
Total income from all sources2023-12-31$597,635
Expenses. Total of all expenses incurred2023-12-31$89,703
Benefits paid (including direct rollovers)2023-12-31$79,988
Total plan assets at end of year2023-12-31$2,451,606
Total plan assets at beginning of year2023-12-31$1,943,674
Value of fidelity bond covering the plan2023-12-31$450,000
Total contributions received or receivable from participants2023-12-31$13,250
Expenses. Other expenses not covered elsewhere2023-12-31$0
Contributions received from other sources (not participants or employers)2023-12-31$0
Other income received2023-12-31$584,385
Noncash contributions received2023-12-31$0
Net income (gross income less expenses)2023-12-31$507,932
Net plan assets at end of year (total assets less liabilities)2023-12-31$2,451,606
Net plan assets at beginning of year (total assets less liabilities)2023-12-31$1,943,674
Assets. Value of participant loans2023-12-31$0
Assets. Value of assets in partnership/joint-venture interests2023-12-31$304,920
Total contributions received or receivable from employer(s)2023-12-31$0
Value of certain deemed distributions of participant loans2023-12-31$0
Value of corrective distributions2023-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2023-12-31$9,715
2022 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$0
Total plan liabilities at beginning of year2022-12-31$0
Total income from all sources2022-12-31$-536,573
Expenses. Total of all expenses incurred2022-12-31$135,984
Benefits paid (including direct rollovers)2022-12-31$132,059
Total plan assets at end of year2022-12-31$1,943,674
Total plan assets at beginning of year2022-12-31$2,616,231
Value of fidelity bond covering the plan2022-12-31$450,000
Total contributions received or receivable from participants2022-12-31$11,200
Expenses. Other expenses not covered elsewhere2022-12-31$0
Contributions received from other sources (not participants or employers)2022-12-31$0
Other income received2022-12-31$-547,773
Noncash contributions received2022-12-31$0
Net income (gross income less expenses)2022-12-31$-672,557
Net plan assets at end of year (total assets less liabilities)2022-12-31$1,943,674
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$2,616,231
Assets. Value of participant loans2022-12-31$2,578
Assets. Value of assets in partnership/joint-venture interests2022-12-31$304,920
Total contributions received or receivable from employer(s)2022-12-31$0
Value of certain deemed distributions of participant loans2022-12-31$0
Value of corrective distributions2022-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2022-12-31$3,925
2021 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$0
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$370,065
Expenses. Total of all expenses incurred2021-12-31$104,066
Benefits paid (including direct rollovers)2021-12-31$99,850
Total plan assets at end of year2021-12-31$2,616,231
Total plan assets at beginning of year2021-12-31$2,350,232
Value of fidelity bond covering the plan2021-12-31$450,000
Total contributions received or receivable from participants2021-12-31$20,700
Expenses. Other expenses not covered elsewhere2021-12-31$0
Contributions received from other sources (not participants or employers)2021-12-31$0
Other income received2021-12-31$349,365
Noncash contributions received2021-12-31$0
Net income (gross income less expenses)2021-12-31$265,999
Net plan assets at end of year (total assets less liabilities)2021-12-31$2,616,231
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$2,350,232
Assets. Value of participant loans2021-12-31$7,573
Assets. Value of assets in partnership/joint-venture interests2021-12-31$304,920
Total contributions received or receivable from employer(s)2021-12-31$0
Value of certain deemed distributions of participant loans2021-12-31$0
Value of corrective distributions2021-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2021-12-31$4,216
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0
2020 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total plan liabilities at end of year2020-12-31$0
Total plan liabilities at beginning of year2020-12-31$0
Total income from all sources2020-12-31$301,639
Expenses. Total of all expenses incurred2020-12-31$8,284
Benefits paid (including direct rollovers)2020-12-31$4,449
Total plan assets at end of year2020-12-31$2,350,232
Total plan assets at beginning of year2020-12-31$2,056,877
Value of fidelity bond covering the plan2020-12-31$450,000
Total contributions received or receivable from participants2020-12-31$21,200
Contributions received from other sources (not participants or employers)2020-12-31$0
Other income received2020-12-31$280,439
Net income (gross income less expenses)2020-12-31$293,355
Net plan assets at end of year (total assets less liabilities)2020-12-31$2,350,232
Net plan assets at beginning of year (total assets less liabilities)2020-12-31$2,056,877
Assets. Value of participant loans2020-12-31$1,789
Assets. Value of assets in partnership/joint-venture interests2020-12-31$304,920
Total contributions received or receivable from employer(s)2020-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2020-12-31$3,835
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
2019 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2019 401k financial data
Total plan liabilities at end of year2019-12-31$0
Total plan liabilities at beginning of year2019-12-31$0
Total income from all sources2019-12-31$396,960
Expenses. Total of all expenses incurred2019-12-31$86,502
Benefits paid (including direct rollovers)2019-12-31$74,631
Total plan assets at end of year2019-12-31$2,056,877
Total plan assets at beginning of year2019-12-31$1,746,419
Value of fidelity bond covering the plan2019-12-31$450,000
Total contributions received or receivable from participants2019-12-31$27,800
Other income received2019-12-31$369,160
Net income (gross income less expenses)2019-12-31$310,458
Net plan assets at end of year (total assets less liabilities)2019-12-31$2,056,877
Net plan assets at beginning of year (total assets less liabilities)2019-12-31$1,746,419
Assets. Value of participant loans2019-12-31$5,211
Assets. Value of assets in partnership/joint-venture interests2019-12-31$304,920
Total contributions received or receivable from employer(s)2019-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2019-12-31$11,871
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
2018 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2018 401k financial data
Total income from all sources2018-12-31$-59,684
Expenses. Total of all expenses incurred2018-12-31$96,479
Benefits paid (including direct rollovers)2018-12-31$83,903
Total plan assets at end of year2018-12-31$1,746,419
Total plan assets at beginning of year2018-12-31$1,902,582
Value of fidelity bond covering the plan2018-12-31$450,000
Total contributions received or receivable from participants2018-12-31$27,200
Contributions received from other sources (not participants or employers)2018-12-31$0
Other income received2018-12-31$-86,884
Noncash contributions received2018-12-31$0
Net income (gross income less expenses)2018-12-31$-156,163
Net plan assets at end of year (total assets less liabilities)2018-12-31$1,746,419
Net plan assets at beginning of year (total assets less liabilities)2018-12-31$1,902,582
Assets. Value of participant loans2018-12-31$8,434
Assets. Value of assets in partnership/joint-venture interests2018-12-31$304,920
Total contributions received or receivable from employer(s)2018-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2018-12-31$12,576
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
2017 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2017 401k financial data
Transfers to/from the plan2017-12-31$0
Total plan liabilities at end of year2017-12-31$0
Total plan liabilities at beginning of year2017-12-31$0
Total income from all sources2017-12-31$216,381
Expenses. Total of all expenses incurred2017-12-31$115,291
Benefits paid (including direct rollovers)2017-12-31$102,426
Total plan assets at end of year2017-12-31$1,902,582
Total plan assets at beginning of year2017-12-31$1,801,492
Value of fidelity bond covering the plan2017-12-31$450,000
Total contributions received or receivable from participants2017-12-31$25,800
Expenses. Other expenses not covered elsewhere2017-12-31$12,865
Contributions received from other sources (not participants or employers)2017-12-31$0
Other income received2017-12-31$190,581
Noncash contributions received2017-12-31$0
Net income (gross income less expenses)2017-12-31$101,090
Net plan assets at end of year (total assets less liabilities)2017-12-31$1,902,582
Net plan assets at beginning of year (total assets less liabilities)2017-12-31$1,801,492
Assets. Value of participant loans2017-12-31$2,506
Total contributions received or receivable from employer(s)2017-12-31$0
Value of certain deemed distributions of participant loans2017-12-31$0
Value of corrective distributions2017-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2017-12-31$0
2016 : RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2016 401k financial data
Transfers to/from the plan2016-12-31$0
Total plan liabilities at end of year2016-12-31$0
Total plan liabilities at beginning of year2016-12-31$0
Total income from all sources2016-12-31$90,899
Expenses. Total of all expenses incurred2016-12-31$88,628
Benefits paid (including direct rollovers)2016-12-31$74,970
Total plan assets at end of year2016-12-31$1,801,492
Total plan assets at beginning of year2016-12-31$1,799,221
Value of fidelity bond covering the plan2016-12-31$450,000
Total contributions received or receivable from participants2016-12-31$25,500
Expenses. Other expenses not covered elsewhere2016-12-31$13,658
Contributions received from other sources (not participants or employers)2016-12-31$0
Other income received2016-12-31$65,399
Noncash contributions received2016-12-31$0
Net income (gross income less expenses)2016-12-31$2,271
Net plan assets at end of year (total assets less liabilities)2016-12-31$1,801,492
Net plan assets at beginning of year (total assets less liabilities)2016-12-31$1,799,221
Assets. Value of participant loans2016-12-31$6,417
Total contributions received or receivable from employer(s)2016-12-31$0
Value of certain deemed distributions of participant loans2016-12-31$0
Value of corrective distributions2016-12-31$0
Expenses. Administrative service providers (salaries,fees and commissions)2016-12-31$0
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2016-12-31$0

Form 5500 Responses for RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN

2023: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Submission has been amendedNo
2019-01-01This submission is the final filingNo
2019-01-01This return/report is a short plan year return/report (less than 12 months)No
2019-01-01Plan is a collectively bargained planNo
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Submission has been amendedNo
2018-01-01This submission is the final filingNo
2018-01-01This return/report is a short plan year return/report (less than 12 months)No
2018-01-01Plan is a collectively bargained planNo
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Submission has been amendedNo
2017-01-01This submission is the final filingNo
2017-01-01This return/report is a short plan year return/report (less than 12 months)No
2017-01-01Plan is a collectively bargained planNo
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: RPM BUSINESS SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planNo
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes

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