# Richards & Associates P.C. DB Plan
Source: https://planprovider.pro/companies/richards-associates-p-c-232938035-002

> Richards & Associates P.C.'s DB plan: 0 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/morgan-lewis-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/richards-associates-p-c-232938035-002)

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