Retirement plan

NATIONAL REFRIGERATION, INC. 401(K) PLAN

Name: NATIONAL REFRIGERATION, INC - NATIONAL REFRIGERATION, INC. 401(K) PLAN (2022) 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 2022

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

Other plans on this EIN

1 filing

#003Retirement-$36K assets

Prospect flagsLow assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$5.6M

-2.0% from 2021

Total participants

280

+24.4% from 2021

Average account balance

$21,645

-17.5% from 2021

Annual return

-10.27%

-23.03 pp from 2021

Benchmarks

See 2,998 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,998 peers

Snapshot2022

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 4 by compensation

Provider	Service type	Compensation
NEW ENGLAND PENSION CONSULTANTS6 years Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L Service code 13 · EIN 05-0515232	Contract Administrator	$20,917
ED DIAS5 years Service code 27 245 FIVE MILE RIVER RD · PUTNAM, CT 06260	Advisory (Plan)	$12,826
SERGIO DECURTIS4 years Service code 28 · EIN 05-0515232	Investment Management	$7,916
MATRIX TRUST COMPANY2 years Service code 19 717 17TH STREET SUITE 1300 · DENVER, CO 80202	Securities Custodian	$5,278

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

2 tripped

OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$52K

$388 / participant

Investment mgmt$8K15.2%
Contract admin$11K22.0%
Other / not subdivided$33K62.8%

% of EOY assets

0.924%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JARDIM & MAROTTA, LLC
Auditor EIN: 475415574
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$21,645

$64,176-66.3%

$112,249-80.7%

$66,938-67.7%

Participation rate

85.1%

68.4%+16.6pp

75.1%+10.0pp

69.8%+15.3pp

Annual return

-10.27%

-13.80%+3.5pp

27.48%-37.8pp

1.58%-11.8pp

Employer contribution / active EE

$1,702

$3,007-43.4%

$3,636-53.2%

$2,545-33.1%

Participant deferral / active EE

$2,762

$3,694-25.2%

$4,729-41.6%

$4,238-34.8%

Admin fee / account holder

$200

$626-68.0%

$6,412-96.9%

$594-66.3%

Provider

Service type

Compensation

NEW ENGLAND PENSION CONSULTANTS6 years

Filed as: NEW ENGLAND PENSION PLAN SYSTEMS, L

Service code 13 · EIN 05-0515232

Contract Administrator

$20,917

ED DIAS5 years

Service code 27

245 FIVE MILE RIVER RD · PUTNAM, CT 06260

Advisory (Plan)

$12,826

SERGIO DECURTIS4 years

Service code 28 · EIN 05-0515232

Investment Management

$7,916

MATRIX TRUST COMPANY2 years

Service code 19

717 17TH STREET SUITE 1300 · DENVER, CO 80202

Securities Custodian

$5,278

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