2023 Form 5500 filing — Rhythm Management Group Corp 401(K) Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20251021113457NAL0000769043001) for Rhythm Management Group Corp 401(K) Plan, reported by Rhythm Management Group Corp under EIN 81-4227066 and plan number 001. It reports 212 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20251021113457NAL0000769043001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Rhythm Management Group Corp
- EIN
- 81-4227066
- Plan number
- 001
- Location
- Rockville, MD
- Participants
- 212
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $3,027,373
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $3,027,373
- Employer contributions
- $473,722
- Participant contributions
- $790,228
- Total income / additions
- $1,916,387
- Benefits paid
- $952,411
- Administrative expenses
- $38,384
- Total expenses
- $990,795
- Net increase / (decrease)
- $925,592
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $16,751 | $0 |
| Merrill Lynch Pierce Fenner & Smith | CONSULTANT | $12,827 | $32 |
| Prime Benefits, Inc. | CONTRACT ADMINISTRATOR | $8,985 | $1,438 |