INNOVATIVE REFRIGERATION SYSTEMS, INC.
Plan Contact
- Address: 373 MT. TORREY ROAD,LYNDHURST,VA
- Contact person: MELISSA BURWELL
- Phone: (540) 836-1383
Plan General Information
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.
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%.
Enrollment Features
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.
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