Profit Sharing · DOL Form 5500 · 2023

The Richards Group, Inc. Profit Sharing Plan

Data updated 2026-08-11

$194M
Total assets
301
Participants
95th
Percentile by assets
$643,036
Avg per participant
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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

$194M in assets, 301 participants

The Richards Group, Inc.'s The Richards Group, Inc. Profit Sharing and 401(k) Plan reported $194M in total assets and 301 participants in its 2023 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 127,072 plans)
  • #19,472 in Professional & Technical Services (20,321 peers)

Coverage in Texas

The Richards Group, Inc. Profit Sharing and 401(k) Plan covers 301 participants in Texas, about 44% of the average Texas filer (state average ~688 per filing). Assets: $194M.

$194M
total plan assets (2023 EOY)
301
covered participants
95th
percentile by assets (of 127,072 plans)
$643,036
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • The Richards Group, Inc. Profit Sharing and 401(k) Plan reported net income rose from -$62M in the plan year 2022 filing to $11M in the plan year 2023 filing.
  • The Richards Group, Inc. Profit Sharing and 401(k) Plan end-of-year assets rose from $183M in the plan year 2022 filing to $194M in the plan year 2023 filing.
  • The Richards Group, Inc. Profit Sharing and 401(k) Plan reported participants fell from 307 in the plan year 2022 filing to 301 in the plan year 2023 filing.

See the national 2023→2024 release diff →

State
Texas
Industry
Professional & Technical Services

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 301 participants - about 44% of that state average ($194M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$183M
Net Assets (End of Year)$194M
Net Income$11M
Employer EIN751212662
Plan Effective Date1967-04-30
Filing StatusFILING RECEIVED

Sponsor Plan History (The Richards Group, Inc.)

$180M$185M$190M$195M 202220232024 $183M $188M ▲ +2.7%
Total plan assets by year, all The Richards Group, Inc. plans on file
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

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. -50000050000100000150000 -202468 Total assets ($B) Participants The Richards Group, …Southwest Airlines C…Baylor College of Me…H-E-B Partner Stock …The Defined Contribu…American Heart Assoc…
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 … side-by-side with 3 peers →

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

How did The Richards Group, Inc. Profit Sharing and 401(k) Plan assets move in 2023? ▼
The Richards Group, Inc. Profit Sharing and 401(k) Plan grew at a solid clip - up 5.8% during 2023, from $183M to $194M. Reported net income was $11M.
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 127,072 plans that reported assets for plan year 2023 (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 Associated Universities Inc. Retirement Plan in VA ($193M, 541 participants).

Next read for The Richards Group, Inc. Profit Sharing …

Filing takeaways

Ways to act on The Richards Group, Inc. Profit Sharing and 401(k) Plan's numbers.

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 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.