Profit Sharing · DOL Form 5500 · 2022
The Richards Group, Inc. Profit Sharing Plan
Data updated 2026-08-11
- $183M
- Total assets
- 307
- Participants
- 95th
- Percentile by assets
- $595,982
- Avg per participant
Official DOL plan name: The Richards Group, Inc. Profit Sharing and 401(k) Plan · Sponsored by The Richards Group, Inc. · Texas · Professional & Technical Services
$183M in assets, 307 participants
The Richards Group, Inc.'s The Richards Group, Inc. Profit Sharing and 401(k) Plan reported $183M in total assets and 307 participants in its 2022 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 139,126 plans)
- #20,790 in Professional & Technical Services (21,562 peers)
Coverage in Texas
The Richards Group, Inc. Profit Sharing and 401(k) Plan covers 307 participants in Texas, about 45% of the average Texas filer (state average ~688 per filing). Assets: $183M.
- $183M
- total plan assets (2022 EOY)
- 307
- covered participants
- 95th
- percentile by assets (of 139,126 plans)
- $595,982
- avg assets per participant
The plan reported a net loss of $62M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. The Richards Group, Inc. Profit Sharing and 401(k) Plan reports 307 participants - about 45% of that state average ($183M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $245M |
|---|---|
| Net Assets (End of Year) | $183M |
| Net Income | -$62M |
| Employer EIN | 751212662 |
| Plan Effective Date | 1967-04-30 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (The Richards Group, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 307 | $183M |
| 2023 | 1 | 301 | $194M |
| 2024 | 1 | 304 | $188M |
Nearby Profit Sharing Plans in Texas
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
The Richards Group, Inc. Profit Sharing and 401(k) Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants
- Southwest Airlines Co. Profitsharing Plan $5.3B · 60,454
- Baylor College of Medicine Retirement Plan $1.4B · 9,875
- H-E-B Partner Stock Plan $1.0B · 71,666
- The Defined Contribution Plan of the Methodist Hospital $752M · 27,959
- Maritime Association - I.L.a. Retirement Fund $743M · 3,941
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to The Richards Group, Inc. Profit Sharing and 401(k) Plan by total assets, not by location.
Frequently Asked Questions
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Filing takeaways
Ways to act on The Richards Group, Inc. Profit Sharing and 401(k) Plan's numbers.
- By total assets, The Richards Group, Inc. Profit Sharing and 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Texas. Compare plans
- The Richards Group, Inc.'s sponsor-wide assets have grown 2.7% since 2022 across 3 plan years on file. More Professional & Technical Services plans