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 (2018) 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 2018

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

Prospect flagsLow returnsCorrective distributions

How to read this page

Total assets (EOY)

$170.3M

-4.4% from 2017

Total participants

1,020

+1.6% from 2017

Average account balance

$178,498

-8.0% from 2017

Annual return

-6.68%

-78.49 pp from 2017

Benchmarks

See 2,763 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort2,763 peers

Snapshot2018

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, LLC4+ years Service code 16 · EIN 26-4030951	Consulting	$45,000
WEAVER AND TIDWELL, LLP2 years Service code 10 · EIN 75-0786316	Accounting	$18,000
FIDELITY INVESTMENTS INSTITUTIONAL4+ years Service code 37 · EIN 04-2647786	Loan Processing	-$105,738

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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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

$178,498

$75,388+136.8%

$123,549+44.5%

$55,725+220.3%

Participation rate

90.9%

75.7%+15.3pp

82.3%+8.7pp

70.9%+20.1pp

Annual return

-6.68%

4.48%-11.2pp

119.20%-125.9pp

244.93%-251.6pp

Employer contribution / active EE

$13,640

$3,063+345.3%

$4,628+194.7%

$2,078+556.4%

Participant deferral / active EE

$5,800

$5,651+2.6%

$6,426-9.7%

$3,356+72.8%

Admin fee / account holder

-$44

$120-136.8%

$9,284-100.5%

$115-138.3%

Provider

Service type

Compensation

STABLE TWO FINANCIAL, LLC4+ years

Service code 16 · EIN 26-4030951

Consulting

$45,000

WEAVER AND TIDWELL, LLP2 years

Service code 10 · EIN 75-0786316

Accounting

$18,000

FIDELITY INVESTMENTS INSTITUTIONAL4+ years

Service code 37 · EIN 04-2647786

Loan Processing

-$105,738

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