Plan Snapshot
- Plan Sponsor: Richards Manufacturing Co.
- Sponsor EIN: 222830972
- Sponsor Address: 517 LYONS AVENUE, IRVINGTON, NJ, 071114717
- Plan Type: 401(k)
- Total Participants: 326
- Total Assets: $65.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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. |
|---|---|---|---|---|
| 2023 | 326 | $65.1M | $666,259 | $1.9M |
| 2022 | 291 | $55.6M | $414,752 | $1.0M |
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 |
|---|---|---|---|---|
| LOCKTON INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | — | $221,686 | $221,686 |
| CREATIVE PLANNING HOLD CO, LLC | SERVICE PROVIDER | — | $76,648 | $76,648 |
| PRIME PENSIONS, INC. | TPA | — | $58,146 | $58,146 |
| GRANT THORNTON LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LOCKTON INVESTMENT ADVISORS, LLC — SERVICE PROVIDER
- CREATIVE PLANNING HOLD CO, LLC — SERVICE PROVIDER
- GRANT THORNTON LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $356,480
- Estimated Expense Ratio: 0.548% 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 |
|---|---|---|---|---|---|
| 2023 | $4,635 | — | $4,635 | — | — |
| 2022 | $1,434 | — | $1,434 | — | — |