United Refrigeration Inc. 401(k) Review & Grade
United Refrigeration and Affiliates Retirement and 401k Plan
Philadelphia, PAWholesale Trade1,638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,234Employer $ per active participant
$6,086Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$210.1MNet plan assets, end of year
$106,194Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost18.9 / 2576th percentile for low admin cost vs. same-size plans
- Employee saving10.3 / 1569th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 76th |
| Employee saving | 69th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- United Refrigeration put in about $1,234 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,021,617 |
| Participant (employee) contributions | $9,972,324 |
| Other contributions (incl. rollovers in) | $757,256 |
| Administrative expenses paid from the plan | $188,106 |
| Other admin expenses | $188,106 |
| Benefits paid out | $19,557,236 |
| Net assets, start / end of year | $193.1M / $210.1M |
| Active participants, start / end of year | 1,608 / 1,669 |
| Participants with account balances | 1,978 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $246,986 reported compensation |
| MML Investors Services LLC | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014085503NAL0002354737001, received 2025-10-14, EIN 23-1307731, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.