Plan Snapshot
- Plan Sponsor: Phalcon Ltd.
- Sponsor EIN: 208104883
- Sponsor Address: 505 MAIN STREET, FARMINGTON, CT, 06032
- Plan Type: 401(k)
- Total Participants: 272
- Total Assets: $73.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 272 | $73.5M | $4.0M | $2.1M |
| 2023 | 256 | $67.8M | $3.4M | $1.7M |
| 2022 | 246 | $59.4M | $3.1M | $1.5M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| KESTRA ADVISORY SERVICES LLC | INVESTMENT ADVISOR | $68,751 | — | $68,751 |
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $23,051 | — | $23,051 |
| CLIFTONLARSONALLEN LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $91,802
- Estimated Expense Ratio: 0.125% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $91,802 | $68,751 | — | — | — |
| 2023 | $94,216 | $60,278 | — | — | — |
| 2022 | $158,845 | $47,180 | $111,665 | — | — |