# Richards, INC. 401(k) Plan
Source: https://planprovider.pro/companies/richards-inc-401k-plan

> Richards, INC.'s 401(k) plan: 155 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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