Plan Ledger DOL Form 5500 · updated monthly

Nor-Lake Inc. dba Refrigerated Solutions Group401(k)

REFRIGERATED SOLUTIONS GROUP RETIREMENT SAVINGS PLAN · HUDSON, WI · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Nor-Lake Inc. dba Refrigerated Solutions Group reported $122,078 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $2,463 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 3 years on file its reported administrative ratio has held roughly steady near 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 606th-largest of 1,936 plans among Wisconsin employers on file, and the 4,322nd of 13,661 in manufacturing. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has shrunk from 519 to 460 since 2022.

Plan summary
Net assets, end of year$31,565,099
Participants with balances506
Active participants460
Employer contributions$1,132,992
Employee contributions$2,100,460
Employer contribution per active participant$2,463
Average account balance$62,382
Benefits paid to participants$5,111,813
Plan auditUnmodified (clean) audit opinion
AuditorBGM CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$31.6M · 506 accts · $1.1M emplr
2023$29.2M · 551 accts · $1.1M emplr
2022$25.0M · 584 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$67,969
Investment management$54,109
Total administrative$122,078
The Nor-Lake Inc. dba Refrigerated Solutions Group 401(k) match · 2024
Employer contribution per active participant$2,463
Median for plans this size$2,416
2024$2,463 per active participant
2023$2,343 per active participant
2022$2,020 per active participant

Nor-Lake Inc. dba Refrigerated Solutions Group's 2024 employer contribution ran above the $2,416 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$67,969
NFP RETIREMENT INC · Investment advisory (plan)$44,112
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$9,997

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$122,078 · 0.40%
2023$108,434 · 0.40%
2022$108,284 · 0.39%
Same employer
Similar plansManufacturing · Wisconsin
Steel King Industries, Inc. WI$32.3M · 0.65%
Pointe Precision, Inc. WI$32.2M · 0.40%
Oec Graphics, Inc. WI$31.9M · 0.32%
Nercon Eng. & Mfg.Inc. WI$31.9M · 0.32%
Coating Place, Inc. WI$31.6M · 0.17%
Mullins Cheese, Inc. WI$31.4M · 0.35%
Wilo USA LLC WI$30.9M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390768718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.