Plan Ledger DOL Form 5500 · updated monthly

National Refrigeration, Inc401(k)

NATIONAL REFRIGERATION, INC. 401(K) PLAN · WARWICK, RI · plan year 2024

Reported admin expense ratio · 2024
0.84%

National Refrigeration, Inc reported $58,081 in plan administrative expenses for 2024: 0.84% of average plan assets, higher than ~75% of peers. 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 0.91% to 0.84%. 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 among the smaller plans on file in Rhode Island (197th of 286), and 3,545th of 5,337 in construction. active participation has shrunk from 134 to 112 since 2022.

Plan summary
Net assets, end of year$7,227,354
Participants with balances243
Active participants112
Employer contributions—
Employee contributions$384,153
Employer contribution per active participant—
Average account balance$29,742
Benefits paid to participants$453,335
Plan auditUnmodified (clean) audit opinion
AuditorCAVANAGH CPAS & ASSOCIATES, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 243 accts
2023$6.6M · 269 accts · $137K emplr
2022$5.6M · 260 accts · $228K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,122
Investment management$27,851
Trustee / custodial$4,933
Total administrative$58,081
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 · 20242
EDELMAN FINANCIAL ENGINES, LLC · Contract administrator · Recordkeeping$38,626
ED DIAS · Investment advisory (plan)$17,280

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

Recordkeeper by year2
2024EDELMAN FINANCIAL ENGINES, LLC
2023NEW ENGLAND PENSION PLAN SYSTEMS, L

This plan has changed recordkeepers within these filings. If you left National Refrigeration, Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$58,081 · 0.84%
2023$60,766 · 0.99%
2022$52,010 · 0.91%
Same employer
Similar plansConstruction · Rhode Island
Encore Holdings, LLC RI$35.8M · 0.38%
Matrix Power Services RI$3.9M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050319523 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.