Plan Snapshot
- Plan Sponsor: Richards, INC.
- Sponsor EIN: 030215988
- Sponsor Address: PO BOX 820, BRATTLEBORO, VT, 053020820
- Plan Type: 401(k)
- Total Participants: 155
- Total Assets: $36.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 155 | $36.8M | $701,529 | $1.2M |
| 2023 | 153 | $31.3M | $632,829 | $996,818 |
| 2022 | 138 | $25.9M | $547,716 | $870,541 |
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 |
|---|---|---|---|---|
| DOWNEY, PIECIAK, FITZGERALD & CO | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $24,680 | — | $24,680 | — | — |
| 2023 | $22,778 | — | $22,778 | — | — |
| 2022 | $11,035 | — | $11,035 | — | — |