Plan Snapshot
- Plan Sponsor: Richardson Investments, INC. Dba Rich Ford
- Sponsor EIN: 850158548
- Sponsor Address: 8601 LOMAS BOULEVARD NORTH EAST, ALBUQUERQUE, NM, 87112
- Plan Type: 401(k)
- Total Participants: 195
- Total Assets: $4.1M
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. |
|---|---|---|---|---|
| 2024 | 195 | $4.1M | $0 | $553,449 |
| 2023 | 168 | $3.6M | $0 | $519,202 |
| 2022 | 186 | $2.9M | $0 | $544,148 |
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 |
|---|---|---|---|---|
| CARR, RIGGS, & INGRAM, LLC | 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 | $54,530 | — | $54,530 | — | — |
| 2023 | $35,747 | — | $35,747 | — | — |
| 2022 | $30,396 | $7,817 | $22,579 | — | — |