# Phalcon Ltd. 401(k) Plan
Source: https://planprovider.pro/companies/phalcon-ltd-401k-plan

> Phalcon Ltd.'s 401(k) plan: 272 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|

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