Plan Snapshot
- Plan Sponsor: Phifer Incorporated
- Sponsor EIN: 630441784
- Sponsor Address: 4400 KAULOOSA AVENUE, TUSCALOOSA, AL, 35401
- Plan Type: 401(k)
- Total Participants: 1,132
- Total Assets: $184.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,132 | $184.0M | $5.3M | $6.8M |
| 2023 | 1,153 | $170.7M | $5.2M | $6.1M |
| 2022 | 1,222 | $158.2M | $5.1M | $6.1M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK RETIREMENT PLAN SVCS. | RETAINED BY CLIENT | $44,607 | — | $44,607 |
| WAY, RAY, SHELTON & CO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK RETIREMENT PLAN SVCS. — RETAINED BY CLIENT
- WAY, RAY, SHELTON & CO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $44,607
- Estimated Expense Ratio: 0.024% 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 | $44,607 | $4,932 | $39,675 | — | — |
| 2023 | $47,477 | $4,462 | $43,015 | — | — |
| 2022 | $40,365 | $4,208 | $36,157 | — | — |