# Richter Precision INC Health &amp; Welfare Plan
Source: https://planprovider.pro/companies/richter-precision-inc-232075767-502

> Richter Precision INC&#39;s Health &amp; Welfare plan: 100 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Richter Precision INC

- **Sponsor EIN:** 232075767

- **Sponsor Address:** 1021 COMMERCIAL AVE, EAST PETERSBURG, PA, 175201601

- **Plan Type:** Health & Welfare

- **Plan Number:** 502

- **Total Participants:** 100

- **Total Assets:** $92,948

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|100|$92,948|$981,589|$328,321|

| 2023|94|$281,973|$1.1M|$350,497|

| 2022|120|$253,516|$1.1M|$394,536|

## 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|

| ENGLE-HAMBRIGHT & DAVIES, INC|Investment Advisor|$54,791|—|$54,791|

| THE BENECON GROUP|Investment Advisor|$18,999|—|$18,999|

| CONNECTCARE3|Other Service Provider|$6,586|—|$6,586|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $80,376

- **Estimated Expense Ratio:** 86.474% 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|$80,376|—|$80,376|—|—|

| 2023|$71,180|—|$71,180|—|—|

| 2022|$92,377|—|—|—|—|

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