Retirement plan

RICK WAYNE RICHARDSON 401(K) PROFIT SHARING PLAN & TRUST

Name: RICK WAYNE RICHARDSON - RICK WAYNE RICHARDSON 401(K) PROFIT SHARING PLAN & TRUST (2024) Form 5500
Creator: RICK WAYNE RICHARDSON
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RICK WAYNE RICHARDSON 401(K) PROFIT SHARING PLAN & TRUST, RICK WAYNE RICHARDSON

RICK WAYNE RICHARDSONEIN 20-5426413Plan #001PY 2024

7440 CARMEL VALLEY RD - CARMEL, CA 939239591831-624-3482

Prospect flagsLow assets / participantLow participant contribution

How to read this page

Total assets (EOY)

$168K

+74.3% from 2023

Total participants

+9.4% from 2023

Average account balance

$5,264

-23.7% from 2023

Annual return

14.02%

-1.50 pp from 2023

Benchmarks

See 28,860 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants25-99

Cohort28,860 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$168K

Not enough data

1 years with asset history on file

Average account balance

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

$5K

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.

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.

114.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$58K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$2K

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

+14.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$82

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.

Expense breakdown

Schedule H Part II

Admin total

$3K

$94 / participant

Other / not subdivided$3K100.0%

% of EOY assets

1.561%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$5,264

$102,385-94.9%

$147,080-96.4%

$80,935-93.5%

Participation rate

89.3%

75.9%+13.4pp

82.2%+7.1pp

67.7%+21.6pp

Annual return

14.02%

135.09%-121.1pp

420.17%-406.1pp

35.66%-21.6pp

Employer contribution / active EE

$1,410

$3,717-62.1%

$4,933-71.4%

$2,757-48.9%

Participant deferral / active EE

$672

$6,651-89.9%

$8,066-91.7%

$4,299-84.4%

Admin fee / account holder

$82

$7,951-99.0%

$12,989-99.4%

$6,924-98.8%

RICK WAYNE RICHARDSON 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RICK WAYNE RICHARDSON 401(K) PROFIT SHARING PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion