Plan Ledger DOL Form 5500 · updated monthly

Portacool, LLC401(k)

PORTACOOL, LLC 401(K) PLAN · CENTER, TX · plan year 2023

Reported admin expense ratio · 2023
0.87%

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

Portacool, LLC reported $68,435 in plan administrative expenses for 2023: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $634 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 0.72% to 0.24%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Texas (3,351st of 5,688), and 9,561st of 13,661 in manufacturing. In 2023, employees put in $2.06 for every $1.00 the employer contributed; active participation has grown from 503 to 589 since 2022.

Plan summary
Net assets, end of year$8,248,642
Participants with balances300
Active participants589
Employer contributions$373,147
Employee contributions$769,436
Employer contribution per active participant$634
Average account balance$27,495
Benefits paid to participants$1,420,876
Plan auditUnmodified (clean) audit opinion
AuditorAXLEY & RODE
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 647 accts · $366K emplr
2023$8.2M · 300 accts · $373K emplr
2022$7.4M · 769 accts · $525K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$68,435
Total administrative$68,435
The Portacool, LLC 401(k) match · 2023
Employer contribution per active participant$634
Median for plans this size$1,308
2024$1,145 per active participant
2023$634 per active participant
2022$1,044 per active participant

Portacool, LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
NATIONWIDE INSURANCE · Other services · Recordkeeping$68,435

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

Recordkeeper by year2
2024PROACCOUNT
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Portacool, LLC 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$19,459 · 0.24%
2023$68,435 · 0.87%
2022$57,151 · 0.72%
Same employer
Similar plansManufacturing · Texas
Elemetal, LLC TX$8.4M · 0.50%
Dormae Products Inc TX$8.3M · 0.04%
Ch Industries, Inc. TX$8.3M · 0.36%
Simflo, LLC TX$8.3M · 0.53%
Weldfit Corporation TX$8.2M · 0.76%
Brochsteins Inc. TX$8.2M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205726218 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.