Industry · Form 5500 business code 333410
Ventilation, Heating, Air-Conditioning, & Commercial Refrigeration Equipment Mfg: retirement plans
Plans whose sponsor entered this principal business activity code on Form 5500.
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances. The business code is chosen by the filer from the list in the Form 5500 instructions.
105 retirement plans in ventilation, heating, air-conditioning, & commercial refrigeration equipment mfg with 100 or more participants filed Form 5500 for plan year 2024 (92 defined contribution, 13 defined benefit). All Form 5500 pension filers in the group reported 124,851 participant records and $8.53B in net assets.
The median defined contribution plan held $56,030 per participant, above the national median of $53,031, and its employer put in $2,101 per active participant (national: $2,174). Among plans reporting Schedule C compensation the median was $155 per participant against $123 nationally.
Employers contributed $281M and participants $372M during the year, and the plans paid out $1.03B in benefits.
In 2009 the same group numbered 127 plans with $3.14B; by 2024 it was 105 plans (down 17%) and $8.53B (up 172%). From plan year 2023 the 100-participant line counts participants with account balances, which moved many plans to the short form.
Medians compared with all US plans
| Median plan, plan year 2024 | Industry: DC | US: DC | Industry: DB | US: DB |
|---|---|---|---|---|
| Net assets per participant | $56,030 | $53,031 | $61,286 | $86,234 |
| Employer contributions per active participant | $2,101 | $2,174 | $15,672 | $10,244 |
| Schedule C compensation per participant | $155 | $123 | $321 | $344 |
| Schedule C compensation, share of net assets | 0.27% | 0.26% | 0.53% | 0.42% |
| Administrative expenses per participant | $135 | $116 | $481 | $527 |
Medians across plans with 100 or more participants (89 DC and 13 DB plans with a Schedule H here). Fee medians cover plans reporting an amount. DC: defined contribution, such as 401(k) and 403(b). DB: defined benefit pension.
Distribution of DC plans
| Measure | 25th percentile | Median | 75th percentile | Plans |
|---|---|---|---|---|
| Net assets per participant | $42,786 | $56,030 | $82,020 | 89 |
| Employer contributions per active participant | $1,414 | $2,101 | $3,364 | 89 |
| Schedule C compensation per participant | $95.65 | $155 | $226 | 85 |
| Administrative expenses per participant | $80.59 | $135 | $253 | 86 |
Trend by plan year
| Plan year | Plans 100+ | Participants | Net assets | Employer contributions | Participant contributions | Median DC assets / participant | Median DC Sch. C / participant |
|---|---|---|---|---|---|---|---|
| 2024 | 105 | 124,851 | $8.53B | $281M | $372M | $56,030 | $155 |
| 2023 | 116 | 125,464 | $8.20B | $302M | $353M | $59,242 | $143 |
| 2022 | 129 | 133,320 | $7.39B | $256M | $330M | $46,990 | $147 |
| 2021 | 125 | 104,436 | $6.71B | $217M | $302M | $55,807 | $151 |
| 2020 | 128 | 104,057 | $6.11B | $205M | $248M | $56,191 | $131 |
| 2019 | 121 | 91,679 | $5.16B | $139M | $187M | $52,666 | $104 |
| 2018 | 120 | 95,450 | $4.55B | $117M | $171M | $43,997 | $96.25 |
| 2017 | 123 | 96,660 | $4.98B | $170M | $160M | $51,897 | $84.43 |
| 2016 | 123 | 93,451 | $4.36B | $122M | $142M | $48,366 | $74.27 |
| 2015 | 122 | 94,879 | $4.13B | $149M | $129M | $42,222 | $63.11 |
| 2014 | 121 | 96,962 | $4.31B | $110M | $121M | $44,222 | $63.38 |
| 2013 | 125 | 100,602 | $4.32B | $128M | $119M | $41,568 | $51.08 |
| 2012 | 123 | 105,757 | $3.84B | $127M | $115M | $35,411 | $45.47 |
| 2011 | 116 | 94,620 | $3.05B | $126M | $102M | $33,208 | $29.89 |
| 2010 | 118 | 101,786 | $3.29B | $138M | $97.3M | $32,996 | $24.90 |
| 2009 | 127 | 108,712 | $3.14B | $130M | $93.4M | $29,621 | $21.99 |
Plan year is the year in which the plan year began. The drop in large plans from 2023 follows a rule change: the 100-participant line now counts participants with account balances, so many plans moved to the short form.
Provider share
Service provider organisations named most often on the Schedule C of the 105 plans on this page's list, by number of plans. A plan usually names several providers.
Largest plans
The 40 largest by participants of 105 plans with a page on this site.
| Plan | Sponsor | State | Type | Participants | Net assets | Per participant | Employer / active | Sch. C / participant |
|---|---|---|---|---|---|---|---|---|
| Johnson Controls Pension Plan | Johnson Controls, Inc. | WI | DB | 22,667 | $1.44B | $63,405 | — | $134 |
| Carrier Retirement Savings Plan | Carrier Global Corporation | FL | DC | 13,622 | $998M | $73,239 | $8,988 | $117 |
| Employees Retirement Plan of Hajoca Corporation | Hajoca Corporation | PA | DB | 7,828 | $483M | $61,705 | $3,873 | $278 |
| Aaon, Inc. Savings and Investment Plan | Aaon, Inc. | OK | DC | 6,605 | $381M | $57,736 | $4,296 | $78.87 |
| Lennox International Inc. 401(k) for Hourly Employees | Lennox International Inc. | TX | DC | 6,075 | $129M | $21,278 | $1,338 | $56.63 |
| Lennox International Inc. Merged Profit Sharing and 401(k) Retirement Plan for Salaried Employees | Lennox International Inc. | TX | DC | 5,254 | $818M | $155,778 | $5,855 | $62.28 |
| Rheem Defined Contribution Plan | Rheem Manufacturing Company | GA | DC | 4,507 | $469M | $104,085 | $5,346 | $166 |
| Hussmann Corporation Employee Savings Plan | Hussmann Corporation | MO | DC | 3,722 | $411M | $110,298 | $3,596 | $121 |
| Lennox International Inc. 2008 Consolidated Pension Plan | Lennox International Inc. | TX | DB | 3,417 | $68.2M | $19,957 | — | — |
| Air Distribution Technologies, Inc. Retirement Savings and Investment Plan | Air Distribution Technologies, Inc. | TX | DC | 3,029 | $123M | $40,583 | $2,054 | $12.84 |
| Imi 401(k) Plan | Imi Americas LLC. | CO | DC | 2,698 | $313M | $115,869 | $5,443 | $217 |
| Hoshizaki USA Holdings, Inc. Retirement Plan | Hoshizaki USA Holdings, Inc. | GA | DC | 2,135 | $117M | $54,817 | $3,016 | $83.22 |
| Carrier Represented Employee Pension Plan | Carrier Global Corporation | FL | DB | 1,935 | $215M | $110,988 | — | $486 |
| Rheem Manufacturing Company 401(k) Plan | Rheem Manufacturing Company | GA | DC | 1,689 | $54.7M | $32,372 | $1,903 | $78.92 |
| Twin City Fan Retirement Savings Plan and Trust | Twin City Fan Companies, Ltd. | MN | DC | 1,613 | $83.2M | $51,561 | $1,726 | $157 |
| Camfil USA, Inc. 401(k) Plan | Camfil USA, Inc. | NJ | DC | 1,504 | $103M | $68,665 | $1,963 | $106 |
| Hunter Defense Technologies Inc. 401(k) Retirement Plan | Hunter Defense Technologies, Inc. | OH | DC | 1,487 | $83.3M | $56,030 | $1,411 | $6.81 |
| Pension Plan for Employees of U.S. Natural Resources and Friedrich Air Conditioning Co. | Usnr, LLC | WA | DB | 1,353 | $40.1M | $29,652 | — | $52.37 |
| Hussmann Pension Plan for Certain Active and Inactive Employees | Hussmann Corporation | MO | DB | 1,236 | $107M | $86,289 | — | $457 |
| Bray International, Inc. 401(k) Profit Sharing Plan & Trust | Bray International, Inc. | TX | DC | 1,083 | $110M | $101,277 | $3,041 | $236 |
| KPS Global, LLC 401(k) Plan | KPS Global, LLC | TX | DC | 1,008 | $45.3M | $44,896 | $2,727 | $110 |
| Kentuckiana Comfort Center 401(k) Profit Sharing Plan | Kentuckiana Comfort Center, Inc. | KY | DC | 971 | $29.0M | $29,895 | $853 | $186 |
| Riverbend Industries Inc. Employees 401(k) Retirement Plan | Riverbend Industries Inc. | IL | DC | 864 | $44.8M | $51,855 | $3,612 | $214 |
| Rae Corporation 401(k) Plan | Rae Corporation | OK | DC | 834 | $24.7M | $29,645 | $1,327 | $183 |
| Taco, Inc. Profit Sharing & 401(k) Plan | Taco, Inc. | RI | DC | 796 | $108M | $135,233 | $2,155 | $128 |
| Hussmann Pension Plan for Certain Participants With Frozen Benefits | Hussmann Corporation | MO | DB | 795 | $25.3M | $31,774 | $18,119 | $471 |
| Sonsray 401(k) Profit Sharing Plan | TK Services, Inc. | CA | DC | 789 | $36.0M | $45,667 | $1,174 | $134 |
| Lennox Industries Inc. Pension Plan for Bu Ees - Lennox MFG Inc. | Lennox Industries Inc. | TX | DB | 759 | $54.4M | $71,705 | — | — |
| Zero Zone, Inc. 401(k) Savings Plan | Zero Zone, Inc. | WI | DC | 751 | $59.4M | $79,053 | $4,176 | $151 |
| Epta US 401(k) Retirement Plan | Kysor Warren Epta US Corporation | GA | DC | 744 | $24.3M | $32,688 | $1,708 | $131 |
| Everidge Employee 401(k) Plan | Everidge, Inc. | MN | DC | 738 | $19.2M | $25,974 | $991 | $163 |
| Airx Climate Solutions, Inc. 401(k) Plan | Airx Climate Solutions, Inc. | OK | DC | 668 | $31.7M | $47,504 | $2,068 | $98.40 |
| Belimo Americas Savings Plan | Belimo Aircontrols (USA), Inc. | CT | DC | 629 | $80.9M | $128,682 | $4,435 | $194 |
| First Co. 401(k) Retirement Plan | First Co. | TX | DC | 599 | $25.8M | $43,116 | $1,337 | $222 |
| Kidde Global Solutions 401(k) Plan | Walter Kidde Portable Equipment, Inc. | FL | DC | 588 | $452K | $768 | $297 | $1.20 |
| Rensa Filtration Retirement Savings Plan | Rensa Filtration Inc. | IL | DC | 558 | $14.2M | $25,482 | $1,975 | $155 |
| Dometic Corporation Pension Plan | Dometic Corporation | IL | DB | 552 | $28.7M | $52,012 | $23,142 | $45.29 |
| Halton Group Americas Inc. 401(k) Plan | Halton Group Americas Inc. | KY | DC | 545 | $21.3M | $39,057 | $2,125 | $268 |
| Naumann/hobbs Material Handling, Inc. 401(k) Savings Plan | Naumann/hobbs Material Handling, Inc. | AZ | DC | 524 | $11.2M | $21,341 | $588 | $124 |
| Research Products Corporation Production Staff 401(k) Savings Plan | Research Products Corporation | WI | DC | 522 | $28.3M | $54,168 | $3,917 | $56.88 |
By plan size
By state
Questions and answers
How many retirement plans are there in ventilation, heating, air-conditioning, & commercial refrigeration equipment mfg?
105 plans with 100 or more participants filed Form 5500 for plan year 2024, out of 140 pension plans on the full form. Smaller plans file Form 5500-SF and are counted separately where shown.
What is the typical 401(k) balance in ventilation, heating, air-conditioning, & commercial refrigeration equipment mfg?
The median defined contribution plan reported $56,030 in net assets per participant (middle half of plans: $42,786 to $82,020); nationally it was $53,031. This is a plan-level average that includes former employees, not a typical person's balance.
What do employers contribute in ventilation, heating, air-conditioning, & commercial refrigeration equipment mfg?
The median defined contribution plan received $2,101 in employer contributions per active participant, against $2,174 nationally. Plans with no employer contribution are included at zero.
What are average 401(k) fees in ventilation, heating, air-conditioning, & commercial refrigeration equipment mfg?
Among defined contribution plans that report any Schedule C compensation, the median was $155 per participant and 0.27% of net assets (nationally $123 and 0.26%). Schedule C leaves out fund expense ratios and fees the employer pays, so it understates total cost.
Where does this come from?
Form 5500 annual reports in the EBSA research files, with filings received through 24 Aug 2026. Medians are computed by this site across plans with 100 or more participants.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Totals count every pension plan on the full form; medians and the plan list cover plans with 100 or more participants. See the methodology.