Plan Ledger DOL Form 5500 · updated monthly

Board of Trustees, Inland Refrigeration and AirMoney purchase plan

INLAND REFRIGERATION AND AIR CONDITIONING RETIREMENT TRUST FUND · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Board of Trustees, Inland Refrigeration and Air reported $118,858 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $11,769 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 fell from 0.43% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 2,484th-largest of 9,483 plans among California employers on file, and the 1,426th of 5,337 in construction. active participation has grown from 181 to 203 since 2022.

Plan summary
Net assets, end of year$33,236,750
Participants with balances434
Active participants203
Employer contributions$2,389,081
Employee contributions—
Employer contribution per active participant$11,769
Average account balance$76,582
Benefits paid to participants$948,928
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 434 accts · $2.4M emplr
2023$28.9M · 414 accts · $2.3M emplr
2022$26.7M · 387 accts · $1.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,703
Investment management$36,400
Audit (IQPA)$17,000
Total administrative$118,858
Employer contributions to the Board of Trustees, Inland Refrigeration and Air plan · 2024
Employer contribution per active participant$11,769
Median for plans this size$2,416
2024$11,769 per active participant
2023$12,243 per active participant
2022$10,683 per active participant

Board of Trustees, Inland Refrigeration and Air's 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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 · 20244
MILLER KAPLAN ARASE LLP · Accounting / audit$37,245
ALAN BILLER & ASSOCIATES, INC. · Investment advisory (plan)$36,400
S.C. PIPE TRADES ADMIN. CORP. · Contract administrator$22,458
GILBERT & SACKMAN, A LAW CORP. · Legal$5,359

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$118,858 · 0.38%
2023$124,583 · 0.45%
2022$117,500 · 0.43%
Similar plansConstruction · California
Taft Electric Company, Inc. CA$34.5M · 0.00%
Control Air Enterprises LLC CA$32.1M · 0.14%
Villara Corporation CA$31.8M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 956377502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.