Profit Sharing · DOL Form 5500 · 2022

The Richards Group, Inc. Profit Sharing Plan

Data updated 2026-08-25

$183M
Total assets Near avg plan size
307
Participants Below avg headcount
95th
Percentile by assets National rank
$595,982
Avg per participant High balance/head
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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.

  • #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.

#20,790
in Professional & Technical Services (21,562 peers)
-25.2%
assets change YoY
1.8×
vs typical plan assets (national mean)

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.

The Richards Group, Inc. Profit Sharing and 401(k) Plan's outsized position by total assets

The Richards Group, Inc. Profit Sharing and 401(k) Plan vs every filed plan by assets

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

$182,966,321 Top 5% higher than 95% 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

The Richards Group, Inc. Profit Sharing and 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Richards Group, Inc. Profit Sharing and 401(k) Plan sits mid-pack in the medium band (307 participants).

Published 5500 schedule card

Filing strip 751212662 · The Richards Group, Inc. PY 2022 · Profit Sharing

The Richards Group, Inc. Profit Sharing and 401(k) Plan · $183M · 307 · 95th

  • BOY $183M
  • SCH 307
  • EBSA 95th
  • PART Profit Sharing
  • TYPE near Airconditioning and Refrigeration Industry Defined Contribution Retirement Plan
  • NET ind #20790

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 Professional & Technical Services retirement plans → · Plans in Texas →

The Richards Group, Inc. Profit Sharing and 401(k) Plan in the asset neighbourhood

The Local 7 Tile Industry Annuity FundThe Local 7 Tile Industry An…$186MNECA-IBEW Memphis Retirement PlanNECA-IBEW Memphis Retirement…$184MAirconditioning and Refrigeration Industry Defined Contribution Retirement PlanAirconditioning and Refriger…$183MThe Richards Group, Inc. Profit Sharing and 401(k) PlanThe Richards Group, Inc. Pro…$183MConcurrent Technologies Corporation Retirement Savings PlanConcurrent Technologies Corp…$182M
End-of-year total assets ($M) among The Richards Group, Inc. Profit Sharing and 401(k) Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2022.

Texas filing particulars

Total Assets (Beginning of Year)$245M
Net Assets (End of Year)$183M
Net Income-$62M
Employer EIN751212662
Plan Effective Date1967-04-30
Filing StatusFILING RECEIVED

Sponsor Plan History (The Richards Group, Inc.)

Sponsor-wide plan assets over time

All The Richards Group, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$188M 2.7225906783139613% vs 2022
2024 filing year
$180M$185M$190M$195M 202220232024 $183M $188M ▲ +2.7%
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 Scatter plot of 6 data points. -20000020000400006000080000 -20246 Total assets ($B) Participants The Richards Group, Inc. Profit Sharing and 401(k) Plan, Total assets ($B): 0.182966321 · Participants: 307The Richards Group, Inc. Profit Sharing and 401(k) PlanSouthwest Airlines Co. Profitsharing Plan, Total assets ($B): 5.288170498 · Participants: 60454Southwest Airlines Co. Profitsharing PlanBaylor College of Medicine Retirement Plan, Total assets ($B): 1.434738254 · Participants: 9875Baylor College of Medicine Retirement PlanH-E-B Partner Stock Plan, Total assets ($B): 1.04541778 · Participants: 71666H-E-B Partner Stock PlanThe Defined Contribution Plan of the Methodist Hospital, Total assets ($B): 0.752274017 · Participants: 27959The Defined Contribution Plan of the Methodist HospitalMaritime Association - I.L.a. Retirement Fund, Total assets ($B): 0.742682259 · Participants: 3941Maritime Association - I.L.a. Retirement Fund
The Richards Group, Inc. Profit Sharing and 401(k) Plan vs. nearby Profit Sharing plans in Texas, assets vs. participants
Compare The Richards Group, Inc. Profit Sharing and 401(k) Plan side-by-side with 3 peers →

The Richards Group, Inc. Profit Sharing and 401(k) Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Texas, the nearest Profit Sharing by assets is Airconditioning and Refrigeration Industry Defined Contribution Retirement Plan in CA ($183M); by covered participants it is Gateway-Longview, Inc. Employee Savings Plan in NY (306 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 The Richards Group, Inc. Profit Sharing and 401(k) Plan assets move in 2022? ▼
The Richards Group, Inc. Profit Sharing and 401(k) Plan declined sharply - down 25.2% during 2022, from $245M to $183M. Reported net income was -$62M.
How have The Richards Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Richards Group, Inc.'s sponsor-wide assets grew 2.7%, from $183M to $188M.
Where does The Richards Group, Inc. Profit Sharing and 401(k) Plan rank by assets among Form 5500 filers? ▼
The Richards Group, Inc. Profit Sharing and 401(k) Plan ranks in the 95th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to The Richards Group, Inc. Profit Sharing and 401(k) Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is Airconditioning and Refrigeration Industry Defined Contribution Retirement Plan in CA ($183M, 2,834 participants).
Which Profit Sharing plans cover a similar participant headcount to The Richards Group, Inc. Profit Sharing and 401(k) Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Gateway-Longview, Inc. Employee Savings Plan in NY (306 participants, $8M 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 751212662.

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.