INNOVATIVE REFRIGERATION SYSTEMS, INC.

Plan Overview & Key Metrics

INNOVATIVE REFRIGERATION SYSTEMS, INC. is a defined contribution retirement plan offered by INNOVATIVE REFRIGERATION SYSTEMS, INC.. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Total Retirement Plan Assets

At the end of 2021, the total retirement plan assets of INNOVATIVE REFRIGERATION SYSTEMS, INC. is $27,260,230.00.This plan was established in 2022.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Total Number of Retirement Plan Participants

At the end of 2021, the total number of retirement plan participants in INNOVATIVE REFRIGERATION SYSTEMS, INC. is 260

INNOVATIVE REFRIGERATION SYSTEMS, INC. Average Participant Retirement Account Value

In 2021, the average participant retirement account value for INNOVATIVE REFRIGERATION SYSTEMS, INC. is $104,847.00

INNOVATIVE REFRIGERATION SYSTEMS, INC. Estimated Average Employee Contribution Amount

In 2021, the estimated average employee contribution amount per participant for INNOVATIVE REFRIGERATION SYSTEMS, INC. is $6,199.00.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Estimated Average Employer Match

In 2021, the estimated average employer match for an employee in INNOVATIVE REFRIGERATION SYSTEMS, INC. is approximately $5,761.00
Investing in this additonal $5,761.00 for 20 years would give you extra $368,753.00, assuming a 10% annual return.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Total Employer Contribution and Match Rate

In 2021, INNOVATIVE REFRIGERATION SYSTEMS, INC. allocates $1,498,061.00 to match its employees’ contributions, providing an employer match rate of 92.93% of their contributions

INNOVATIVE REFRIGERATION SYSTEMS, INC. Total Retirement Plan Asset Growth Rate

In 2021, the total retirement plan asset growth rate of INNOVATIVE REFRIGERATION SYSTEMS, INC. is 16.32%.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Estimated Aggregate Retirement Account Investment Gain/Loss

In 2021, the estimated aggregate retirement account investment gain/loss for INNOVATIVE REFRIGERATION SYSTEMS, INC. is 15.19%. This measures the effectiveness of the plan participants’ investments in the year.

INNOVATIVE REFRIGERATION SYSTEMS, INC. Expense Ratio

In 2021, the investment and administrative expense ratio of INNOVATIVE REFRIGERATION SYSTEMS, INC. is 0.29%.

* Data are from public filings.

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

Please log in to view contact information.

Enrollment & Brokerage Features

The following features describe how INNOVATIVE REFRIGERATION SYSTEMS, INC. handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

INNOVATIVE REFRIGERATION SYSTEMS, INC. has the following features:
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.

What Should You Do Next?

Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of INNOVATIVE REFRIGERATION SYSTEMS, INC.:

  1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
  2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
  3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
  4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

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