Plan Ledger DOL Form 5500 · updated monthly

Richardson Investments, Inc. dba Rich Ford401(k)

RICH FORD 401(K) PLAN · ALBUQUERQUE, NM · plan year 2024

Reported admin expense ratio · 2024
1.43%

Richardson Investments, Inc. dba Rich Ford reported $54,530 in plan administrative expenses for 2024: 1.43% of average plan assets, higher than ~90% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.99% to 1.43%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Mexico (200th of 290), and 4,032nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$4,063,458
Participants with balances153
Active participants195
Employer contributions—
Employee contributions$553,449
Employer contribution per active participant—
Average account balance$26,559
Benefits paid to participants$443,034
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 153 accts
2023$3.6M · 233 accts
2022$2.9M · 174 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,530
Total administrative$54,530
What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
EDWARD D. JONES & CO., L.P. · Investment advisory (participants)$9,702
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$776

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$54,530 · 1.43%
2023$35,747 · 1.10%
2022$30,396 · 0.99%
Same employer
Similar plansRetail Trade · New Mexico
Sisbarro Autoworld, Inc. NM$6.1M · 0.71%
Afc Acquisition Corp NM$5.7M · 0.07%
Ziems Ford Corners, Inc. NM$4.3M · 0.92%
Borman Motor Company LLC NM$4.2M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850158548 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.