RHP Staffing Company 401(k) Review & Grade
RHP Staffing Company 401(k) Plan
Farmington Hills, MIReal Estate & Rental1,000 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,357Employer $ per active participant
$2,332Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$12.3MNet plan assets, end of year
$23,764Average balance per account
Score breakdown
- Employer generosity26.7 / 5053th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 7th |
| Employee saving | 31th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- RHP Staffing put in about $1,357 per active participant, more than the typical peer ($1,279). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- Direct plan expenses (0.94% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,356,120 |
| Participant (employee) contributions | $2,331,176 |
| Other contributions (incl. rollovers in) | $177,873 |
| Administrative expenses paid from the plan | $96,061 |
| Contract administrator fees | $96,061 |
| Benefits paid out | $932,679 |
| Net assets, start / end of year | $8.1M / $12.3M |
| Active participants, start / end of year | 1,034 / 965 |
| Participants with account balances | 516 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante& Moran, PLLC |
Largest service providers (Schedule C)
| One Digital Investment Advisors | $30,397 reported compensation |
| Huntington National Bank | $5,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013093541NAL0001611856001, received 2025-10-13, EIN 38-3475016, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.