401(k) · DOL Form 5500 · 2023

Richards, Inc. 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
141
Participants Small participant base
80th
Percentile by assets National rank
$222,086
Avg per participant Above avg balance/head
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Official DOL plan name: Richards, Inc. 401(k) Profit Sharing Plan and Trust · Sponsored by Richards, Inc. · Vermont · Finance & Insurance

$31M in assets, 141 participants

Richards, Inc.'s Richards, Inc. 401(k) Profit Sharing Plan and Trust reported $31M in total assets and 141 participants in its 2023 DOL Form 5500 filing, ranking in the 80th 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.

  • #6,134 in Finance & Insurance (8,869 peers)

Where Richards, Inc. 401(k) Profit Sharing Plan and Trust sits by assets

Richards, Inc. 401(k) Profit Sharing Plan and Trust sits in the top quartile of all filed plans by assets, $31M for 141 participants (~$222,086/participant), up 20.9% in 2023.

#6,134
in Finance & Insurance (8,869 peers)
+20.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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

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

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

$31,314,107 Top 20% higher than 80% 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

Richards, Inc. 401(k) Profit Sharing Plan and Trust 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. Richards, Inc. 401(k) Profit Sharing Plan and Trust sits mid-pack in the medium band (141 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Richards, Inc. 401(k) Profit Sharing Plan and Trust reported net income rose from -$3M in the plan year 2022 filing to $5M in the plan year 2023 filing.
  • Richards, Inc. 401(k) Profit Sharing Plan and Trust end-of-year assets rose from $26M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Richards, Inc. 401(k) Profit Sharing Plan and Trust reported participants rose from 138 in the plan year 2022 filing to 141 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 030215988 · Richards, Inc. PY 2023 · 401(k)

Richards, Inc. 401(k) Profit Sharing Plan and Trust · $31M · 141 · 80th

  • EBSA $31M
  • EBSA 141
  • EBSA 80th
  • EBSA 401(k)
  • EBSA near The M. K. Morse Company Retirement Savings Plan
  • EBSA ind #6134

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 Finance & Insurance retirement plans → · Plans in Vermont →

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

Tl Nexlevel 401(k) Plan$31MCooperative Elevator Company Employees' Profit Sharing & 401(k) PlanCooperative Elevator Company…$31MRichards, Inc. 401(k) Profit Sharing Plan and TrustRichards, Inc. 401(k) Profit…$31MThe M. K. Morse Company Retirement Savings PlanThe M. K. Morse Company Reti…$31MVentura Orthopedics Medical Group, Inc. 401(k) Profit Sharing PlanVentura Orthopedics Medical …$31M
End-of-year total assets ($M) among Richards, Inc. 401(k) Profit Sharing Plan and Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$31M
Net Income$5M
Employer EIN030215988
Plan Effective Date1983-05-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Richards, Inc.)

Sponsor-wide plan assets over time

All Richards, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$37M 42.228796877692076% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $25.9M $36.8M ▲ +42.2%
Year Plans Participants Total Assets
2022 1 138 $26M
2023 1 141 $31M
2024 1 157 $37M

Nearby 401(k) Plans in Vermont

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Richards, Inc. 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Vermont, assets vs. participants Scatter plot of 6 data points. -5000050001000015000 -0.500.511.522.5 Total assets ($B) Participants Richards, Inc. 401(k) Profit Sharing Plan and Trust, Total assets ($B): 0.031314107 · Participants: 141Richards, Inc. 401(k) Profit Sharing Plan and TrustThe University of Vermont Medical Center 403(b) Plan, Total assets ($B): 1.965024862 · Participants: 11162The University of Vermont Medical Center 403(b) PlanNational Life Group 401(k) Plan, Total assets ($B): 0.297587487 · Participants: 1219National Life Group 401(k) PlanGreen Mountain Power Corporation Employee Savings and Investment Plan and Trust, Total assets ($B): 0.220116247 · Participants: 519Green Mountain Power Corporation Employee Savings and Investment Plan and TrustHusky Retirement Savings, Total assets ($B): 0.153493813 · Participants: 551Husky Retirement SavingsIncentive Retirement Plan for Employees of PC Construction Company, Total assets ($B): 0.135534492 · Participants: 442Incentive Retirement Plan for Employees of PC Construction Company
Richards, Inc. 401(k) Profit Sharing Plan and Trust vs. nearby 401(k) plans in Vermont, assets vs. participants
Compare Richards, Inc. 401(k) Profit Sharing Plan and Trust side-by-side with 3 peers →

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

Outside Vermont, the nearest 401(k) by assets is The M. K. Morse Company Retirement Savings Plan in OH ($31M); by covered participants it is Dytran Instruments, Inc. Retirement Savings Plan in CA (141 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (141 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 Richards, Inc. 401(k) Profit Sharing Plan and Trust assets move in 2023? ▼
Richards, Inc. 401(k) Profit Sharing Plan and Trust grew sharply - up 20.9% during 2023, from $26M to $31M. Reported net income was $5M.
How have Richards, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Richards, Inc.'s sponsor-wide assets grew 42.2%, from $26M to $37M.
Where does Richards, Inc. 401(k) Profit Sharing Plan and Trust rank by assets among Form 5500 filers? ▼
Richards, Inc. 401(k) Profit Sharing Plan and Trust ranks in the 80th 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 401(k) plans are similar in size to Richards, Inc. 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by assets is The M. K. Morse Company Retirement Savings Plan in OH ($31M, 440 participants).
Which 401(k) plans cover a similar participant headcount to Richards, Inc. 401(k) Profit Sharing Plan and Trust? ▼
Among 401(k) plans in other states, the closest by covered participants is Dytran Instruments, Inc. Retirement Savings Plan in CA (141 participants, N/A 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 030215988.

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.