401(k) · DOL Form 5500 · 2023

Richards Industrials, Inc. 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
134
Participants Small participant base
77th
Percentile by assets National rank
$193,360
Avg per participant Above avg balance/head
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Official DOL plan name: Richards Industrials, Inc. Profit Sharing Retirement Plan · Sponsored by Richards Industrials, Inc. · Ohio · Manufacturing

$26M in assets, 134 participants

Richards Industrials, Inc.'s Richards Industrials, Inc. Profit Sharing Retirement Plan reported $26M in total assets and 134 participants in its 2023 DOL Form 5500 filing, ranking in the 77th 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.

  • #12,765 in Manufacturing (18,722 peers)

Coverage in Ohio

Richards Industrials, Inc. Profit Sharing Retirement Plan covers 134 participants in Ohio, about 18% of the average Ohio filer (state average ~765 per filing). Assets: $26M.

#12,765
in Manufacturing (18,722 peers)
+15.8%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Richards Industrials, Inc. Profit Sharing Retirement Plan's outsized position by total assets

Richards Industrials, Inc. Profit Sharing Retirement Plan vs every filed plan by assets

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

$25,910,260 Top 23% higher than 77% 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 Industrials, Inc. Profit Sharing Retirement 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. Richards Industrials, Inc. Profit Sharing Retirement Plan sits mid-pack in the medium band (134 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Richards Industrials, Inc. Profit Sharing Retirement Plan reported net income rose from $838K in the plan year 2022 filing to $4M in the plan year 2023 filing.
  • Richards Industrials, Inc. Profit Sharing Retirement Plan end-of-year assets rose from $22M in the plan year 2022 filing to $26M in the plan year 2023 filing.
  • Richards Industrials, Inc. Profit Sharing Retirement Plan reported participants fell from 139 in the plan year 2022 filing to 134 in the plan year 2023 filing.

See the national 2022→2023 release diff →

EBSA filing schedule strip

Filing strip 842271845 · Richards Industrials, Inc. PY 2023 · 401(k)

Richards Industrials, Inc. Profit Sharing Retirement Plan · $26M · 134 · 77th

  • EBSA $26M
  • PART 134
  • TYPE 77th
  • NET 401(k)
  • BOOK near Inspirus Credit Union 401(k) Plan
  • VS-ST ind #12765

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 Manufacturing retirement plans → · Plans in Ohio →

Richards Industrials, Inc. Profit Sharing Retirement Plan in the asset neighbourhood

Richards Industrials, Inc. Profit Sharing Retirement PlanRichards Industrials, Inc. P…$26MInspirus Credit Union 401(k) PlanInspirus Credit Union 401(k)…$26MSecurity First Bank 401(k) PlanSecurity First Bank 401(k) P…$26MPost Glover Resistors Inc. 401(k) Retirement PlanPost Glover Resistors Inc. 4…$26MJacob Stern & Sons, Inc. 401(k) Profit Sharing PlanJacob Stern & Sons, Inc. 401…$26M
End-of-year total assets ($M) among Richards Industrials, Inc. Profit Sharing Retirement Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Ohio filing particulars

Total Assets (Beginning of Year)$22M
Net Assets (End of Year)$26M
Net Income$4M
Employer EIN842271845
Plan Effective Date1990-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Richards Industrials, Inc.)

Sponsor-wide plan assets over time

All Richards Industrials, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$26M 17.135036632598805% vs 2022
2024 filing year
$20M$22M$24M$26M$28M 202220232024 $22.4M $26.2M ▲ +17.1%
Year Plans Participants Total Assets
2022 1 139 $22M
2023 1 134 $26M
2024 1 131 $26M

Nearby 401(k) Plans in Ohio

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

Richards Industrials, Inc. Profit Sharing Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -50510152025 Total assets ($B) Participants Richards Industrials, Inc. Profit Sharing Retirement Plan, Total assets ($B): 0.02591026 · Participants: 134Richards Industrials, Inc. Profit Sharing Retirement PlanGE Retirement Savings Plan, Total assets ($B): 19.485469047 · Participants: 59766GE Retirement Savings PlanThe Sherwin-Williams Company 401(k) Plan, Total assets ($B): 10.12932701 · Participants: 47362The Sherwin-Williams Company 401(k) PlanThe Progressive 401(k) Plan, Total assets ($B): 9.225573063 · Participants: 56176The Progressive 401(k) PlanThe Kroger Co. 401(k) Retirement Savings Account Plan, Total assets ($B): 8.445085 · Participants: 129769The Kroger Co. 401(k) Retirement Savings Account PlanNationwide Savings Plan, Total assets ($B): 7.618883027 · Participants: 24715Nationwide Savings Plan
Richards Industrials, Inc. Profit Sharing Retirement Plan vs. nearby 401(k) plans in Ohio, assets vs. participants
Compare Richards Industrials, Inc. Profit Sharing Retirement Plan side-by-side with 3 peers →

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

Outside Ohio, the nearest 401(k) by assets is Inspirus Credit Union 401(k) Plan in WA ($26M); by covered participants it is Reed Oil Company 401(k) Profit Sharing Plan in PA (134 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (134 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 Industrials, Inc. Profit Sharing Retirement Plan assets move in 2023? ▼
Richards Industrials, Inc. Profit Sharing Retirement Plan grew sharply - up 15.8% during 2023, from $22M to $26M. Reported net income was $4M.
How have Richards Industrials, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Richards Industrials, Inc.'s sponsor-wide assets grew 17.1%, from $22M to $26M.
Where does Richards Industrials, Inc. Profit Sharing Retirement Plan rank by assets among Form 5500 filers? ▼
Richards Industrials, Inc. Profit Sharing Retirement Plan ranks in the 77th 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 Industrials, Inc. Profit Sharing Retirement Plan? ▼
Among 401(k) plans in other states, the closest by assets is Inspirus Credit Union 401(k) Plan in WA ($26M, 55 participants).
Which 401(k) plans cover a similar participant headcount to Richards Industrials, Inc. Profit Sharing Retirement Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Reed Oil Company 401(k) Profit Sharing Plan in PA (134 participants, $15M 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 842271845.

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.