Retirement plan

REFRIGERATION-HEATING, INC. 401(K) PLAN

Name: REFRIGERATION-HEATING, INC. - REFRIGERATION-HEATING, INC. 401(K) PLAN (2023) Form 5500
Creator: REFRIGERATION-HEATING, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, REFRIGERATION-HEATING, INC. 401(K) PLAN, REFRIGERATION-HEATING, INC.

REFRIGERATION-HEATING, INC.EIN 45-0352129Plan #001PY 2023

345 19TH STREET NORTH - FARGO, ND 58102701-232-7070rhisupply.comLinkedIn11-50 employeesfacilities services

Other plans on this EIN

1 filing

#002Retirement-$2.8M assets

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$19.1M

+8.8% from 2022

Total participants

+21.1% from 2022

Average account balance

$289,075

-9.4% from 2022

Annual return

17.94%

+33.39 pp from 2022

Benchmarks

See 9,211 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants25-99

Cohort9,211 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$22.48M

Not enough data

1 years with asset history on file

Average account balance

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

$288K

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.

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.

132.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+14.03%

Not enough data

1 years with return on file

Admin fee / account holder

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

$5236

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2G2J2T3D

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$2.7M

$47338 / participant

Other / not subdivided$3M100.0%

% of EOY assets

13.894%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$289,075

$91,537+215.8%

$130,045+122.3%

$75,173+284.5%

Participation rate

94.6%

71.5%+23.2pp

78.5%+16.1pp

67.2%+27.4pp

Annual return

17.94%

-631.55%+649.5pp

-137.30%+155.2pp

160.72%-142.8pp

Employer contribution / active EE

$12,315

$2,845+332.9%

$4,321+185.0%

$2,671+361.1%

Participant deferral / active EE

$5,506

$4,343+26.8%

$5,820-5.4%

$4,126+33.4%

Admin fee / account holder

$40,166

$6,780+492.4%

$10,600+278.9%

$5,651+610.8%

REFRIGERATION-HEATING, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

REFRIGERATION-HEATING, 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