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FORM 5500 DATA

RPM International Inc. 401k Trust and Plan

Overview

Plan Information

  • Plan Year01/01/2016 — 12/31/2016
  • Date of Plan06/01/1996
  • Net Assets as of 12/31/2016 $706,379,087
  • Plan Number11
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2016

  • Active (Eligible) Participants6,791
  • Retired or separated participants receiving benefits964
  • Other retired or separated participants entitled to future benefits0
  • Subtotal7,755
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits37
  • Total7,792
  • Total number of participants as of 01/01/20167,510
  • Number of participants with account balances7,279
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested0

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • AddressP.O. Box 777
  • CityMedina
  • StateOH
  • Zip44258
  • Telephone(330) 273-5090
  • EIN02-0642224
  • Industry Code325500
  • Named AdministratorJaneen Kastner

Audit Information

  • Audit StatusAudited
  • AuditorBdo USA, LLP
  • Auditor EIN13-5381590
  • Audit OpinionUnqualified
  • Audit Type Full Audit

Benefits Provided Under the Plan

Code Benefit Description
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2J 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.
2K Code section 401(m) arrangement Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contributions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $1,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $96,304,554
Contributions $51,280,897
Cash Contributions $51,280,897
Cash from Employers $16,590,135
Cash from Participants $31,864,571
Others (including rollovers) $2,826,191
Noncash Contributions $0
Total Earnings on Investments $45,039,760
Total Interest $355,856
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $355,856
Interest from Other Investments $0
Total Dividends $7,934,075
Preferred Stock $0
Common Stock $7,934,075
Rents $0
Net gain (loss) on sale of assets $610,704
Aggregate Proceeds $4,561,700
Aggregate Carrying Amount $3,950,996
Total Unrealized Appreciation (depreciation) of assets $9,435,657
Real Estate $9,435,657
Other $0
Net investment gain (loss) from common/collective trusts $901,913
Net investment gain (loss) from pooled separate accounts $0
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $25,801,555
Other Income $-16,103
Expenses $42,505,700
Total Benefit Payments $42,153,583
Directly to participants or beneficiaries, including direct rollovers $42,153,583
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $352,117
Professional Fees $85,079
Contract Administrator Fees $122,319
Investment Advisory and management fees $144,088
Other Administrative Fees $631
Net Income $53,798,854
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2016 12/31/2015 Change YOY
Total Assets $706,379,087 $646,769,075 9.22%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $1,196,901 $1,116,042 7.25%
Employer Contributions $422,364 $395,858 6.70%
Participant Contributions $774,537 $720,184 7.55%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $8,875,375 $8,277,386 7.22%
Value of interest in common/collective trusts $76,834,071 $68,692,395 11.85%
Value of interest in pooled separate accounts $0 $0 0.0%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $570,396,638 $526,340,055 8.37%
Value of funds held in insurance co. general account $44,370 $42,773 3.73%
Other Investments $0 $0 0.0%
Employer-related Investments $49,031,732 $42,300,424 15.91%
Employer Securities $49,031,732 $42,300,424 15.91%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $706,379,087 $646,769,075 9.22%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

There is no information on eligible indirect compensation for this plan.

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Wells Fargo Securities brokerage N/A $144,088 $0 $144,088
Trustee (bank, trust company, or similar financial institution) N/A $85,079 $0 $85,079
Wells Fargo Recordkeeping and information management (computing, tabulating, data processing, etc.) N/A $77,753 $0 $77,753
Wells Fargo Participant loan processing N/A $44,566 $0 $44,566
Total $351,486 $0 $351,486

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Wells Fargo Stable Return Fund F Wells Fargo DFE: Common/Collective Trust $76,834,066
Wells Fargo Stable Return Fund N Wells Fargo Bank, N.A. DFE: Common/Collective Trust $4
Total $76,834,070

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Northwest Mutual 3
EIN 39-0509570
Industry Code 67091
Contract Number 05319
Contract Year 01/01/2016 — 12/31/2016
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $0
Persons Receiving Commissions and Fees There are no brokers listed for this plan.
Allocated Funds
Type of Contract Unspecified
Basis of premium rates
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract Unspecified
Balance at the end of the previous year $0
Additions $0
Contributions Deposited during the year $0
Dividends and credits $0
Interest credited during the year $0
Transferred from separate account $0
Other $0
Total of Balance and Additions $0
Deductions $0
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $0
Other $0
Balance at the end of the current year $0