Plan Ledger DOL Form 5500 · updated monthly

Jax Refrigeration, Inc.401(k)

JAX REFRIGERATION, INC. 401(K) PLAN · PONTE VEDRA BEACH, FL · plan year 2022

Reported admin expense ratio · 2022
0.74%

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

Jax Refrigeration, Inc. reported $18,825 in plan administrative expenses for 2022: 0.74% of average plan assets, above the peer median. Employer contributions averaged $2,085 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 1 year on file its reported administrative ratio rose from 0.74% to 3.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (3,052nd of 3,644), and 4,749th of 5,337 in construction. In 2022, employees put in $2.57 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,255,021
Participants with balances152
Active participants60
Employer contributions$125,074
Employee contributions$321,478
Employer contribution per active participant$2,085
Average account balance$14,836
Benefits paid to participants$656,498
Plan auditUnmodified (clean) audit opinion
AuditorMSL, P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$1.4M · 143 accts · $76K emplr
2022$2.3M · 152 accts · $125K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$18,825
Total administrative$18,825
The Jax Refrigeration, Inc. 401(k) match · 2022
Employer contribution per active participant$2,085
Median for plans this size$1,114
2023$2,520 per active participant
2022$2,085 per active participant

Jax Refrigeration, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$55,359 · 3.04%
2022$18,825 · 0.74%
Similar plansConstruction · Florida
Heichel Plumbing Inc. FL$2.4M · 1.72%
Carr & Sons Masonry Inc FL$2.3M · 0.96%
Bbmk Contracting LLC FL$2.2M · 0.66%
Heichel Plumbing, Inc. FL$2.2M · 1.91%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 271892816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.