Retirement plan

RICHMAN REAL ESTATE INVESTMENTS, INC. 401(K) RETIREMENT PLAN

Name: RICHMAN REAL ESTATE INVESTMENTS, INC. - RICHMAN REAL ESTATE INVESTMENTS, INC. 401(K) RETIREMENT PLAN (2023) Form 5500
Creator: RICHMAN REAL ESTATE INVESTMENTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICHMAN REAL ESTATE INVESTMENTS, INC. 401(K) RETIREMENT PLAN, RICHMAN REAL ESTATE INVESTMENTS, INC.

RICHMAN REAL ESTATE INVESTMENTS, INC.EIN 13-3462376Plan #001PY 2023

777 WEST PUTNAM AVENUE - GREENWICH, CT 06830203-869-0900

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$49.9M

+24.6% from 2022

Total participants

147

+7.3% from 2022

Average account balance

$339,421

+16.2% from 2022

Annual return

16.59%

+32.02 pp from 2022

Benchmarks

See 1,071 peers

Peer group

Industry53 - Real Estate and Rental and Leasing

Plan typeDefined contribution

Participants100-249

Cohort1,071 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$59.21M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$355K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

167

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

95.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.82M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$22K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.28%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$66

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 1 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.4 years Service code 19 · EIN 94-1737782	Securities Custodian	$215

Plan features & details

Pension benefit codes2E2G2J2K2R3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: THE INNOVATIVE CPA GROUP
Auditor EIN: 814236823
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$339,421

$65,390+419.1%

$169,385+100.4%

$71,495+374.8%

Participation rate

100.0%

67.0%+33.0pp

77.2%+22.8pp

67.9%+32.1pp

Annual return

16.59%

21.31%-4.7pp

405.82%-389.2pp

28.85%-12.3pp

Employer contribution / active EE

$16,705

$2,079+703.6%

$4,012+316.4%

$2,589+545.1%

Participant deferral / active EE

$7,580

$4,367+73.6%

$6,221+21.8%

$4,291+76.7%

Admin fee / account holder

$1,324-100.0%

$9,011-100.0%

$1,588-100.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.4 years

Service code 19 · EIN 94-1737782

Securities Custodian

$215

RICHMAN REAL ESTATE INVESTMENTS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

RICHMAN REAL ESTATE INVESTMENTS, INC. 401(K) RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion