RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN
Plan Contact
- Address: 3170 WASSON ROAD,CINCINNATI,OH
- Contact person: CATHERINE SCHNIER
- Phone: (513) 533-5661
Plan General Information
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Assets
At the end of 2023, the total retirement plan assets of RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is $22,366,827.00.This plan was established in 1990.
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Total Number of Retirement Plan Participants
At the end of 2023, the total number of retirement plan participants in RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is 195
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Average Participant Retirement Account Value
In 2023, the average participant retirement account value for RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is $114,701.00
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Estimated Average Employee Contribution Amount
In 2023, the estimated average employee contribution amount per participant for RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is $9,988.00.
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Estimated Average Employer Match
In 2023, the estimated average employer match for an employee in RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is approximately $2,157.00
Investing in this additonal $2,157.00 for 20 years would give you extra $138,089.00, assuming a 10% annual return.
Investing in this additonal $2,157.00 for 20 years would give you extra $138,089.00, assuming a 10% annual return.
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Total Employer Contribution and Match Rate
In 2023, RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN allocates $420,741.00 to match its employees' contributions, providing an employer match rate of 43.20% of their contributions
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Total Retirement Plan Asset Growth Rate
In 2023, the total retirement plan asset growth rate of RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is 3.89%.
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Estimated Aggregate Retirement Account Investment Gain/Loss
In 2023, the estimated aggregate retirement account investment gain/loss for RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is 14.08%. This measures the effectiveness of the plan participants' investments in the year.
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN Expense Ratio
In 2023, the investment and administrative expense ratio of RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN is 0.01%.
Enrollment Features
RICHARDS INDUSTRIALS, INC. PROFIT SHARING RETIREMENT PLAN has the following features:Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
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