Plan Snapshot
- Plan Sponsor: Richardson Electronics, Ltd.
- Sponsor EIN: 362096643
- Sponsor Address: P.O. BOX 393, LAFOX, IL, 60147
- Plan Type: 401(k)
- Total Participants: 302
- Total Assets: $59.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- 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 | 302 | $59.4M | $666,942 | $2.7M |
| 2023 | 305 | $49.4M | $831,474 | $2.8M |
| 2022 | 330 | $41.1M | $713,967 | $2.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $42,312 | — | $42,312 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $15,347 | — | $15,347 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $57,659
- Estimated Expense Ratio: 0.097% 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 | $96,825 | $15,347 | $600 | — | — |
| 2023 | $94,608 | $10,970 | — | $15,000 | — |
| 2022 | $97,751 | $9,984 | — | — | — |