ESOP · DOL Form 5500 · 2022

Richards Sheet Metal Works Inc ESOP

Data updated 2026-08-25

$2M
Total assets Small plan by assets
9
Participants Small participant base
33rd
Percentile by assets National rank
$213,532
Avg per participant Above avg balance/head
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Official DOL plan name: Richards Sheet Metal Works Employee Stock Ownership · Sponsored by Richards Sheet Metal Works Inc · Utah · Manufacturing

$2M in assets, 9 participants

Richards Sheet Metal Works Inc's Richards Sheet Metal Works Employee Stock Ownership reported $2M in total assets and 9 participants in its 2022 DOL Form 5500 filing, ranking in the 33rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #3,528 in Manufacturing (20,602 peers)

Richards Sheet Metal Works Inc multi-year trail

Richards Sheet Metal Works Inc's plans moved -34.6% in assets from 2022 to 2024; this filing shows Richards Sheet Metal Works Employee Stock Ownership at $2M / 9 participants.

#3,528
in Manufacturing (20,602 peers)
+27.0%
assets growth YoY

Richards Sheet Metal Works Employee Stock Ownership among the smaller filed plans by assets

Richards Sheet Metal Works Employee Stock Ownership vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$1,921,784 33rd percentile higher than 33% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Richards Sheet Metal Works Employee Stock Ownership among micro filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Richards Sheet Metal Works Employee Stock Ownership is a micro filing (9 participants), the leftmost band.

EBSA filing schedule strip

Filing strip 870169400 · Richards Sheet Metal Works Inc PY 2022 · ESOP

Richards Sheet Metal Works Employee Stock Ownership · $2M · 9 · 33rd

  • PHOTO $2M
  • PHOTO 9
  • PHOTO 33rd
  • PHOTO ESOP
  • PHOTO near Geotechnologies, Inc. Employee Stock Ownership Plan
  • PHOTO ind #3528

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with What is an ESOP? → · Plans in Utah →

Richards Sheet Metal Works Employee Stock Ownership in the asset neighbourhood

Geotechnologies, Inc. Employee Stock Ownership PlanGeotechnologies, Inc. Employ…$2MMidstate Financial Corp. Employee Stock Ownership PlanMidstate Financial Corp. Emp…$2MCmt Inc. Employee Stock Ownership PlanCmt Inc. Employee Stock Owne…$2MMorningstar Marble & Granite, Inc. Employee Stock Ownership PlanMorningstar Marble & Granite…$2MRichards Sheet Metal Works Employee Stock OwnershipRichards Sheet Metal Works E…$2M
End-of-year total assets ($M) among Richards Sheet Metal Works Employee Stock Ownership and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2022.

Richards Sheet Metal Works Inc multi-year asset trail

Sponsor-wide plan assets over time

All Richards Sheet Metal Works Inc plans reported in each filing year

Latest sponsor-wide plan assets
$1M 34.584011522626895% vs 2022
2024 filing year
$1M$1.2M$1.4M$1.6M$1.8M$2M 202220232024 $1.92M $1.26M ▼ -34.4%
Year Plans Participants Total Assets
2022 1 9 $2M
2023 1 9 $1M
2024 1 8 $1M

Richards Sheet Metal Works Inc filing trail (2022)

Total Assets (Beginning of Year)$2M
Net Assets (End of Year)$2M
Net Income$409K
Employer EIN870169400
Plan Effective Date2005-01-01
Filing StatusFILING RECEIVED

Nearby ESOP Plans in Utah

Peer ESOP plans, same state, same plan type, ranked by total assets.

Richards Sheet Metal Works Employee Stock Ownership vs. nearby ESOP plans in Utah, assets vs. participants Scatter plot of 6 data points. -2000200400600800 -50050100150 Total assets ($M) Participants Richards Sheet Metal Works Employee Stock Ownership, Total assets ($M): 1.921784 · Participants: 9Richards Sheet Metal Works Employee Stock OwnershipFj Management Inc. Employee Stock Ownership Plan, Total assets ($M): 100.217205 · Participants: 33Fj Management Inc. Employee Stock Ownership PlanJacobsen Construction Company, Inc. Employee Stock Ownership Plan, Total assets ($M): 97.600451 · Participants: 492Jacobsen Construction Company, Inc. Employee Stock Ownership PlanRocky Mountain Atv, Inc. Employee Stock Ownership Plan, Total assets ($M): 78.504943 · Participants: 473Rocky Mountain Atv, Inc. Employee Stock Ownership PlanWhitaker Construction Co., Inc. Employee Stock Ownership Plan, Total assets ($M): 60.628689 · Participants: 650Whitaker Construction Co., Inc. Employee Stock Ownership PlanCentral Milling Employee Stock Ownership Plan and Trust, Total assets ($M): 32.233096 · Participants: 108Central Milling Employee Stock Ownership Plan and Trust
Richards Sheet Metal Works Employee Stock Ownership vs. nearby ESOP plans in Utah, assets vs. participants
Compare Richards Sheet Metal Works Employee Stock Ownership side-by-side with 3 peers →

Richards Sheet Metal Works Employee Stock Ownership's out-of-state ESOP peers by assets and headcount

Outside Utah, the nearest ESOP by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($2M); by covered participants it is Stowe Insurance Agency, Inc. Employee Stock Ownership Plan in VT (9 participants). Same-state nearby plans are listed separately above.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Richards Sheet Metal Works Employee Stock Ownership assets move in 2022? ▼
Richards Sheet Metal Works Employee Stock Ownership grew sharply - up 27.0% during 2022, from $2M to $2M. Reported net income was $409K.
How have Richards Sheet Metal Works Inc plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Richards Sheet Metal Works Inc's sponsor-wide assets declined 34.6%, from $2M to $1M.
Which ESOP plans are similar in size to Richards Sheet Metal Works Employee Stock Ownership? ▼
Among ESOP plans in other states, the closest by assets is Geotechnologies, Inc. Employee Stock Ownership Plan in CA ($2M, 18 participants).
Which ESOP plans cover a similar participant headcount to Richards Sheet Metal Works Employee Stock Ownership? ▼
Among ESOP plans in other states, the closest by covered participants is Stowe Insurance Agency, Inc. Employee Stock Ownership Plan in VT (9 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 870169400.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.