Retirement plan

THE RICHARDS GROUP, INC. PROFIT SHARING AND 401(K) PLAN

Name: THE RICHARDS GROUP, INC. - THE RICHARDS GROUP, INC. PROFIT SHARING AND 401(K) PLAN (2017) Form 5500
Creator: THE RICHARDS GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, THE RICHARDS GROUP, INC. PROFIT SHARING AND 401(K) PLAN, THE RICHARDS GROUP, INC.

THE RICHARDS GROUP, INC.EIN 75-1212662Plan #001PY 2017

2801 NORTH CENTRAL EXPRESSWAY, SUITE 100 - DALLAS, TX 75204214-891-5700

Other plans on this EIN

1 filing

#002Retirement--

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$178.2M

+75.0% from 2016

Total participants

1,004

+29.2% from 2016

Average account balance

$194,075

+28.7% from 2016

Annual return

71.81%

+64.70 pp from 2016

Benchmarks

See 2,615 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,615 peers

Snapshot2017

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

Analytics

Total assets (EOY)

Plan-year ending balance

$187.95M

Not enough data

1 years with asset history on file

Average account balance

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

$287K

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.

656

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.

91.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.09%

Not enough data

1 years with return on file

Admin fee / account holder

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

$-147

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 3 by compensation

Provider	Service type	Compensation
STABLE TWO FINANCIAL, LLC3+ years Service code 16 · EIN 26-4030951	Consulting	$32,850
WEAVER AND TIDWELL, LLP1 year Service code 10 · EIN 75-0786316	Accounting	$18,624
FIDELITY INVESTMENTS INSTITUTIONAL3+ years Service code 37 · EIN 04-2647786	Loan Processing	-$60,395

Plan features & details

Pension benefit codes2E2F2G2T3D3H

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Plan-level admin expenses are zero - fees are likely paid at the master-trust level rather than the individual plan.

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: WEAVER AND TIDWELL, LLP
Auditor EIN: 750786316
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$194,075

$155,795+24.6%

$136,297+42.4%

$69,631+178.7%

Participation rate

87.9%

75.2%+12.7pp

81.9%+6.0pp

70.7%+17.3pp

Annual return

71.81%

232464.33%-232392.5pp

5156.19%-5084.4pp

27571.02%-27499.2pp

Employer contribution / active EE

$12,348

$2,991+312.8%

$4,696+163.0%

$2,032+507.6%

Participant deferral / active EE

$889

$5,394-83.5%

$6,247-85.8%

$3,224-72.4%

Admin fee / account holder

-$4

$128-103.4%

$9,244-100.0%

$110-104.0%

Provider

Service type

Compensation

STABLE TWO FINANCIAL, LLC3+ years

Service code 16 · EIN 26-4030951

Consulting

$32,850

WEAVER AND TIDWELL, LLP1 year

Service code 10 · EIN 75-0786316

Accounting

$18,624

FIDELITY INVESTMENTS INSTITUTIONAL3+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$60,395

THE RICHARDS GROUP, INC. PROFIT SHARING AND 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

THE RICHARDS GROUP, INC. PROFIT SHARING AND 401(K) PLAN

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