Industrial Air, Inc.401(k)
INDUSTRIAL AIR, INC. EMPLOYEES' 401(K) PROFIT SHARING PLAN · GREENSBORO, NC · plan year 2022
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Industrial Air, Inc. reported $51,724 in plan administrative expenses for 2022: 0.29% of average plan assets, above the peer median. Employer contributions averaged $1,614 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.
The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other construction employers. By assets it is the 794th-largest of 2,005 plans among North Carolina employers on file, and the 2,236th of 5,337 in construction. In 2022, employees put in $4.42 for every $1.00 the employer contributed.
Industrial Air, Inc.'s 2022 employer contribution ran below the $2,266 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.
Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 560812167 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.