ESOP · DOL Form 5500 · 2024
Richards Sheet Metal Works Inc ESOP
Data updated 2026-08-25
- $1M
- Total assets Small plan by assets
- 8
- Participants Small participant base
- 25th
- Percentile by assets National rank
- $157,144
- Avg per participant Above avg balance/head
Official DOL plan name: Richards Sheet Metal Works Employee Stock Ownership · Sponsored by Richards Sheet Metal Works Inc · Utah · Manufacturing
$1M in assets, 8 participants
Richards Sheet Metal Works Inc's Richards Sheet Metal Works Employee Stock Ownership reported $1M in total assets and 8 participants in its 2024 DOL Form 5500 filing, ranking in the 25th 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.
- #1,938 in Manufacturing (17,777 peers)
Richards Sheet Metal Works Inc multi-year trail
Richards Sheet Metal Works Inc's plans moved -34.6% in assets from 2022 to 2024; this filing shows Richards Sheet Metal Works Employee Stock Ownership at $1M / 8 participants.
- #1,938
- in Manufacturing (17,777 peers)
- -4.7%
- assets change YoY
The plan reported a net loss of $63K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Richards Sheet Metal Works Employee Stock Ownership among the smaller filed plans by assets
Richards Sheet Metal Works Employee Stock Ownership vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$1,257,154 25th percentile higher than 25% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Richards Sheet Metal Works Employee Stock Ownership among micro filed plans by headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Richards Sheet Metal Works Employee Stock Ownership is a micro filing (8 participants), the leftmost band.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Richards Sheet Metal Works Employee Stock Ownership reported net income rose from -$602K in the plan year 2023 filing to -$63K in the plan year 2024 filing.
- Richards Sheet Metal Works Employee Stock Ownership reported participants fell from 9 in the plan year 2023 filing to 8 in the plan year 2024 filing.
- Richards Sheet Metal Works Employee Stock Ownership end-of-year assets fell from $1M in the plan year 2023 filing to $1M in the plan year 2024 filing.
DOL schedule card
Filing strip 870169400 · Richards Sheet Metal Works Inc PY 2024 · ESOP
Richards Sheet Metal Works Employee Stock Ownership · $1M · 8 · 25th
- ASSETS $1M
- ASSETS 8
- ASSETS 25th
- ASSETS ESOP
- ASSETS near Full Vision Inc. Employee Stock Ownership Plan
- ASSETS ind #1938
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 Utah →
Richards Sheet Metal Works Employee Stock Ownership in the asset neighbourhood
Richards Sheet Metal Works Inc multi-year asset trail
Sponsor-wide plan assets over time
All Richards Sheet Metal Works Inc plans reported in each filing year
- Latest sponsor-wide plan assets
- $1M 34.584011522626895% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 1 | 9 | $2M |
| 2023 | 1 | 9 | $1M |
| 2024 | 1 | 8 | $1M |
Richards Sheet Metal Works Inc filing trail (2024)
| Total Assets (Beginning of Year) | $1M |
|---|---|
| Net Assets (End of Year) | $1M |
| Net Income | -$63K |
| Employer EIN | 870169400 |
| Plan Effective Date | 2005-01-01 |
| Filing Status | FILING RECEIVED |
Nearby ESOP Plans in Utah
Peer ESOP plans, same state, same plan type, ranked by total assets.
- Whitaker Construction Co., Inc. Employee Stock Ownership Plan $185M · 772
- Rocky Mountain Atv, Inc. Employee Stock Ownership Plan $120M · 495
- Jacobsen Construction Company, Inc. Employee Stock Ownership Plan $120M · 605
- Fj Management Inc. Employee Stock Ownership Plan $94M · 28
- Kenny Seng Construction Employee Stock Ownership Plan $74M · 170
Richards Sheet Metal Works Employee Stock Ownership's out-of-state ESOP peers by assets and headcount
Outside Utah, the nearest ESOP by assets is Full Vision Inc. Employee Stock Ownership Plan in KS ($1M); by covered participants it is Datapro Solutions, Inc. Employee Stock Ownership Plan in WA (8 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1M here).
Similar participant headcount
Nearest other-state filings by covered participants (8 participants); asset peers above are excluded.
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.