401(k) · DOL Form 5500 · 2023

Innovative Refrigeration Systems, Inc. 401(k) Plan

Data updated 2026-08-25

$31M
Total assets Below avg plan size
235
Participants Below avg headcount
80th
Percentile by assets National rank
$130,451
Avg per participant Near avg balance/head
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Official DOL plan name: Innovative Refrigeration Systems, Inc. 401(k) Plan · Sponsored by Innovative Refrigeration Systems, Inc. · Virginia · Construction

$31M in assets, 235 participants

Innovative Refrigeration Systems, Inc.'s Innovative Refrigeration Systems, Inc. 401(k) Plan reported $31M in total assets and 235 participants in its 2023 DOL Form 5500 filing, ranking in the 80th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #7,033 in Construction (9,030 peers)

Coverage in Virginia

Innovative Refrigeration Systems, Inc. 401(k) Plan covers 235 participants in Virginia, about 30% of the average Virginia filer (state average ~782 per filing). Assets: $31M.

#7,033
in Construction (9,030 peers)
+22.2%
assets growth YoY
0.3×
vs typical plan assets (national mean)

Innovative Refrigeration Systems, Inc. 401(k) Plan's outsized position by total assets

Innovative Refrigeration Systems, Inc. 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$30,655,996 Top 20% higher than 80% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Innovative Refrigeration Systems, Inc. 401(k) Plan among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Innovative Refrigeration Systems, Inc. 401(k) Plan sits mid-pack in the medium band (235 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Innovative Refrigeration Systems, Inc. 401(k) Plan reported net income rose from -$2M in the plan year 2022 filing to $6M in the plan year 2023 filing.
  • Innovative Refrigeration Systems, Inc. 401(k) Plan end-of-year assets rose from $25M in the plan year 2022 filing to $31M in the plan year 2023 filing.
  • Innovative Refrigeration Systems, Inc. 401(k) Plan reported participants rose from 201 in the plan year 2022 filing to 235 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 232725173 · Innovative Refrigeration Systems, Inc. PY 2023 · 401(k)

Innovative Refrigeration Systems, Inc. 401(k) Plan · $31M · 235 · 80th

  • PART $31M
  • PART 235
  • PART 80th
  • PART 401(k)
  • PART near Applied Control Engineering Inc. 401(k) Retirement Plan
  • PART ind #7033

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Virginia →

Innovative Refrigeration Systems, Inc. 401(k) Plan in the asset neighbourhood

Innovative Refrigeration Systems, Inc. 401(k) PlanInnovative Refrigeration Sys…$31MApplied Control Engineering Inc. 401(k) Retirement PlanApplied Control Engineering …$31MElevatebio Technologies, Inc. 401(k) PlanElevatebio Technologies, Inc…$31MUniversal Audio Inc. 401(k) Profit Sharing Plan and TrustUniversal Audio Inc. 401(k) …$31MKatun Corporation Employee Retirement Benefit and Savings PlanKatun Corporation Employee R…$31M
End-of-year total assets ($M) among Innovative Refrigeration Systems, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Virginia filing particulars

Total Assets (Beginning of Year)$25M
Net Assets (End of Year)$31M
Net Income$6M
Employer EIN232725173
Plan Effective Date1996-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Innovative Refrigeration Systems, Inc.)

Sponsor-wide plan assets over time

All Innovative Refrigeration Systems, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$37M 47.91714024804807% vs 2022
2024 filing year
$20M$25M$30M$35M$40M 202220232024 $25.1M $37.1M ▲ +47.9%
Year Plans Participants Total Assets
2022 1 201 $25M
2023 1 235 $31M
2024 1 283 $37M

Nearby 401(k) Plans in Virginia

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Innovative Refrigeration Systems, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -10010203040 Total assets ($B) Participants Innovative Refrigeration Systems, Inc. 401(k) Plan, Total assets ($B): 0.030655996 · Participants: 235Innovative Refrigeration Systems, Inc. 401(k) PlanNorthrop Grumman Savings Plan, Total assets ($B): 36.173098625 · Participants: 97987Northrop Grumman Savings Plan401(k) Pension Plan, Total assets ($B): 14.97867624 · Participants: 62467401(k) Pension PlanGeneral Dynamics Corporation 401(k) Plan 6.0, Total assets ($B): 11.167449098 · Participants: 48860General Dynamics Corporation 401(k) Plan 6.0Leidos, Inc. Retirement Plan, Total assets ($B): 10.583898778 · Participants: 27043Leidos, Inc. Retirement PlanBae Systems Employees' Savings and Investment Plan, Total assets ($B): 9.406287325 · Participants: 31681Bae Systems Employees' Savings and Investment Plan
Innovative Refrigeration Systems, Inc. 401(k) Plan vs. nearby 401(k) plans in Virginia, assets vs. participants
Compare Innovative Refrigeration Systems, Inc. 401(k) Plan side-by-side with 3 peers →

Innovative Refrigeration Systems, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Virginia, the nearest 401(k) by assets is Applied Control Engineering Inc. 401(k) Retirement Plan in DE ($31M); by covered participants it is Bobcat North America, LLC 401(k) Plan in FL (235 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (235 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Innovative Refrigeration Systems, Inc. 401(k) Plan assets move in 2023? ▼
Innovative Refrigeration Systems, Inc. 401(k) Plan grew sharply - up 22.2% during 2023, from $25M to $31M. Reported net income was $6M.
How have Innovative Refrigeration Systems, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Innovative Refrigeration Systems, Inc.'s sponsor-wide assets grew 47.9%, from $25M to $37M.
Where does Innovative Refrigeration Systems, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Innovative Refrigeration Systems, Inc. 401(k) Plan ranks in the 80th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Innovative Refrigeration Systems, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Applied Control Engineering Inc. 401(k) Retirement Plan in DE ($31M, 147 participants).
Which 401(k) plans cover a similar participant headcount to Innovative Refrigeration Systems, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bobcat North America, LLC 401(k) Plan in FL (235 participants, $654K in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 232725173.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.