Retirement plan

NATIONAL REFRIGERATION, INC. 401(K) PLAN

Name: NATIONAL REFRIGERATION, INC - NATIONAL REFRIGERATION, INC. 401(K) PLAN (2024) Form 5500
Creator: NATIONAL REFRIGERATION, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, NATIONAL REFRIGERATION, INC. 401(K) PLAN, NATIONAL REFRIGERATION, INC

NATIONAL REFRIGERATION, INCEIN 05-0319523Plan #002PY 2024

3600 WEST SHORD RD - WARWICK, RI 02886401-737-2000nhvac.comLinkedIn51-200 employeesconstruction

Other plans on this EIN

1 filing

#003Retirement-$44K assets

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$7.2M

+9.6% from 2023

Total participants

261

-10.0% from 2023

Average account balance

$29,742

+21.3% from 2023

Annual return

10.61%

-1.08 pp from 2023

Benchmarks

See 3,448 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,448 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.23M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$30K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

243

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

83.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$384K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+10.61%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$239

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
FINANCIAL ENGINES1 year Filed as: EDELMAN FINANCIAL ENGINES, LLC Service code 13 · EIN 94-3250323	Contract Administrator	$38,626
ED DIAS7 years Service code 27 245 FIVE MILE RIVER RD · PUTNAM, CT 06260	Advisory (Plan)	$17,280

Plan features & details

Pension benefit codes2E2F2G2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$58K

$519 / participant

Recordkeeping$8K14.6%
Trustee / custodial$5K8.5%
Investment mgmt$28K48.0%
Contract admin$15K25.3%
Other / not subdivided$2K3.7%

% of EOY assets

0.804%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CAVANAGH CPAS & ASSOCIATES, LLC
Auditor EIN: 933523116
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$29,742

$80,731-63.2%

$103,378-71.2%

$74,400-60.0%

Participation rate

83.9%

65.7%+18.2pp

74.5%+9.4pp

67.2%+16.7pp

Annual return

10.61%

27.56%-16.9pp

24.91%-14.3pp

1367.51%-1356.9pp

Employer contribution / active EE

$3,159-100.0%

$3,870-100.0%

$2,624-100.0%

Participant deferral / active EE

$3,430

$3,862-11.2%

$5,058-32.2%

$4,348-21.1%

Admin fee / account holder

$239

$2,369-89.9%

$8,401-97.2%

$1,944-87.7%

Provider

Service type

Compensation

FINANCIAL ENGINES1 year

Filed as: EDELMAN FINANCIAL ENGINES, LLC

Service code 13 · EIN 94-3250323

Contract Administrator

$38,626

ED DIAS7 years

Service code 27

245 FIVE MILE RIVER RD · PUTNAM, CT 06260

Advisory (Plan)

$17,280

NATIONAL REFRIGERATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

NATIONAL REFRIGERATION, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion