Plan Snapshot
- Plan Sponsor: Richards & Associates P.C.
- Sponsor EIN: 232938035
- Sponsor Address: 230 WEST SIXTH ST, ERIE, PA, 16507
- Plan Type: DB
- Plan Number: 002
- Total Participants: 0
- Total Assets: $9.1M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $9.1M | $600,000 | $0 |
| 2023 | 0 | $8.7M | $1.0M | $0 |
| 2022 | 0 | $8.3M | $865,224 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| WELLS FARGO | Other Service Provider | $86,636 | — | $86,636 |
| MORGAN LEWIS & BOCKIUS LLP | ERISA Attorney | $86,382 | — | $86,382 |
| DEFINITI | Other Service Provider | $37,380 | — | $37,380 |
| SCHAFFNER, KNIGHT, MINNAUGH & CO | Other Service Provider | $26,000 | — | $26,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MORGAN LEWIS & BOCKIUS LLP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $236,398
- Estimated Expense Ratio: 2.587% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $272,545 | $86,636 | — | $26,000 | — |
| 2023 | $713,438 | $79,145 | — | $12,500 | — |
| 2022 | $538,142 | $75,039 | — | — | $20,202 |