Plan Snapshot
- Plan Sponsor: Innovative Refrigeration Systems, INC.
- Sponsor EIN: 232725173
- Sponsor Address: 373 MT. TORREY ROAD, LYNDHURST, VA, 229522516
- Plan Type: 401(k)
- Total Participants: 407
- Total Assets: $37.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 407 | $37.1M | $2.6M | $2.8M |
| 2023 | 283 | $30.7M | $2.0M | $2.1M |
| 2022 | 235 | $25.1M | $1.6M | $1.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| UBS FINANCIAL | RETAINED BY EMPLOYER | $37,133 | — | $37,133 |
| JOHN HANCOCK | RETAINED BY EMPLOYER | $18,385 | — | $18,385 |
| YOUNT, HYDE & BARBOUR, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL — RETAINED BY EMPLOYER
- JOHN HANCOCK — RETAINED BY EMPLOYER
- YOUNT, HYDE & BARBOUR, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $55,518
- Estimated Expense Ratio: 0.150% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $55,518 | $43,652 | $11,866 | — | — |
| 2023 | $63,811 | $54,754 | $9,057 | — | — |
| 2022 | $36,114 | $463 | $35,651 | — | — |