Plan Ledger DOL Form 5500 · updated monthly

Advanced Refrigeration & Air, Inc.401(k)

ADVANCED REFRIGERATION & AIR, INC. 401(K) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: A- · admin costs + employer contributions vs same-size plans · how grading works

Advanced Refrigeration & Air, Inc. reported $11,272 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,708 per active participant. 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 0.05% to 0.11%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is the 1,730th-largest of 3,644 plans among Florida employers on file, and 3,017th of 5,337 in construction. In 2024, employees put in $3.08 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,524,103
Participants with balances166
Active participants129
Employer contributions$220,312
Employee contributions$677,521
Employer contribution per active participant$1,708
Average account balance$63,398
Benefits paid to participants$504,919
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM
Plan history3
Yearassets · accounts · employer contribution
2024$10.5M · 166 accts · $220K emplr
2023$9.2M · 151 accts · $195K emplr
2022$7.6M · 155 accts · $177K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$11,272
Total administrative$11,272
The Advanced Refrigeration & Air, Inc. 401(k) match · 2024
Employer contribution per active participant$1,708
Median for plans this size$1,313
2024$1,708 per active participant
2023$1,454 per active participant
2022$1,271 per active participant

Advanced Refrigeration & Air, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

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 · 20241

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

Administrative cost history3
2024$11,272 · 0.11%
2023$4,175 · 0.05%
2022$3,656 · 0.05%
Same employer
Similar plansConstruction · Florida
Kustom US, Inc. FL$11.0M · 0.27%
Electric Services, Inc. FL$10.5M · 0.80%
Duval Asphalt Products FL$10.4M · 0.55%
Landsouth Construction, LLC FL$10.4M · 0.76%
High Reach Company, LLC FL$10.1M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592726935 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.