ESOP · DOL Form 5500 · 2023

The Richmond Group, Inc. ESOP

Data updated 2026-08-25

$70M
Total assets Below avg plan size
104
Participants Small participant base
89th
Percentile by assets National rank
$674,702
Avg per participant High balance/head
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Official DOL plan name: The Richmond Group, Inc. Employee Stock Ownership Plan · Sponsored by The Richmond Group, Inc. · Massachusetts · Construction

$70M in assets, 104 participants

The Richmond Group, Inc.'s The Richmond Group, Inc. Employee Stock Ownership Plan reported $70M in total assets and 104 participants in its 2023 DOL Form 5500 filing, ranking in the 89th 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.

  • #7,814 in Construction (9,030 peers)

Coverage in Massachusetts

The Richmond Group, Inc. Employee Stock Ownership Plan covers 104 participants in Massachusetts, about 16% of the average Massachusetts filer (state average ~659 per filing). Assets: $70M.

#7,814
in Construction (9,030 peers)
+17.4%
assets growth YoY
0.7×
vs typical plan assets (national mean)

The Richmond Group, Inc. Employee Stock Ownership Plan's outsized position by total assets

The Richmond Group, Inc. Employee Stock Ownership Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$70,169,000 Top 11% higher than 89% of 127,068 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 2023

The Richmond Group, Inc. Employee Stock Ownership Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. The Richmond Group, Inc. Employee Stock Ownership Plan sits mid-pack in the medium band (104 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Richmond Group, Inc. Employee Stock Ownership Plan reported net income rose from $7M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • The Richmond Group, Inc. Employee Stock Ownership Plan end-of-year assets rose from $60M in the plan year 2022 filing to $70M in the plan year 2023 filing.
  • The Richmond Group, Inc. Employee Stock Ownership Plan reported participants rose from 95 in the plan year 2022 filing to 104 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 043130236 · The Richmond Group, Inc. PY 2023 · ESOP

The Richmond Group, Inc. Employee Stock Ownership Plan · $70M · 104 · 89th

  • BOOK $70M
  • VS-ST 104
  • BOY 89th
  • SCH ESOP
  • EBSA near Smc Packaging Group Profit Sharing Plan
  • PART ind #7814

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 Massachusetts →

The Richmond Group, Inc. Employee Stock Ownership Plan in the asset neighbourhood

Acme Group Holding Company, Inc. Employee Stock Ownership Plan and TrustAcme Group Holding Company, …$71MWest Valley Construction Co., Inc. ESOPWest Valley Construction Co.…$70MSmc Packaging Group Profit Sharing PlanSmc Packaging Group Profit S…$70MThe Richmond Group, Inc. Employee Stock Ownership PlanThe Richmond Group, Inc. Emp…$70MAlliance Holdings, Inc. Employee Stock Ownership Plan and TrustAlliance Holdings, Inc. Empl…$69M
End-of-year total assets ($M) among The Richmond Group, Inc. Employee Stock Ownership Plan and nearest nationwide ESOP peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$60M
Net Assets (End of Year)$66M
Net Income$11M
Employer EIN043130236
Plan Effective Date2017-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (The Richmond Group, Inc.)

Sponsor-wide plan assets over time

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

Latest sponsor-wide plan assets
$68M 13.109681259634165% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $59.8M $67.6M ▲ +13.1%
Year Plans Participants Total Assets
2022 1 95 $60M
2023 1 104 $70M
2024 1 103 $68M

Nearby ESOP Plans in Massachusetts

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

The Richmond Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. 0500100015002000 0200400600800 Total assets ($M) Participants The Richmond Group, Inc. Employee Stock Ownership Plan, Total assets ($M): 70.169 · Participants: 104The Richmond Group, Inc. Employee Stock Ownership PlanConsigli Building Group Employee Stock Ownership Plan, Total assets ($M): 611.879597 · Participants: 1511Consigli Building Group Employee Stock Ownership PlanThe Gillette Company Employee Stock Ownership Plan, Total assets ($M): 349.164775 · Participants: 174The Gillette Company Employee Stock Ownership PlanShawmut Group Employee Stock Ownership Plan, Total assets ($M): 274.195602 · Participants: 716Shawmut Group Employee Stock Ownership PlanFirst Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership Plan, Total assets ($M): 244.511447 · Participants: 641First Amended and Restated Creative Financial Staffing, Inc. Employee Stock Ownership PlanEastern Bank Employee Stock Ownership Plan, Total assets ($M): 213.345202 · Participants: 1778Eastern Bank Employee Stock Ownership Plan
The Richmond Group, Inc. Employee Stock Ownership Plan vs. nearby ESOP plans in Massachusetts, assets vs. participants
Compare The Richmond Group, Inc. Employee Stock Ownership Plan side-by-side with 3 peers →

The Richmond Group, Inc. Employee Stock Ownership Plan's out-of-state ESOP peers by assets and headcount

Outside Massachusetts, the nearest ESOP by assets is Smc Packaging Group Profit Sharing Plan in MO ($70M); by covered participants it is Ffb Bancorp Employee Stock Ownership Plan in CA (104 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (104 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did The Richmond Group, Inc. Employee Stock Ownership Plan assets move in 2023? ▼
The Richmond Group, Inc. Employee Stock Ownership Plan grew sharply - up 17.4% during 2023, from $60M to $70M. Reported net income was $11M.
How have The Richmond Group, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), The Richmond Group, Inc.'s sponsor-wide assets grew 13.1%, from $60M to $68M.
Where does The Richmond Group, Inc. Employee Stock Ownership Plan rank by assets among Form 5500 filers? ▼
The Richmond Group, Inc. Employee Stock Ownership Plan ranks in the 89th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which ESOP plans are similar in size to The Richmond Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by assets is Smc Packaging Group Profit Sharing Plan in MO ($70M, 443 participants).
Which ESOP plans cover a similar participant headcount to The Richmond Group, Inc. Employee Stock Ownership Plan? ▼
Among ESOP plans in other states, the closest by covered participants is Ffb Bancorp Employee Stock Ownership Plan in CA (104 participants, $14M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 043130236.

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.