Plan Snapshot
- Plan Sponsor: Philip Health Services, INC.
- Sponsor EIN: 460361016
- Sponsor Address: 503 WEST PINE, PHILIP, SD, 57567
- Plan Type: DC
- Total Participants: 112
- Total Assets: $7.5M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 112 | $7.5M | $229,864 | $447,406 |
| 2023 | 116 | $6.9M | $226,784 | $392,175 |
| 2022 | 125 | $5.7M | $179,693 | $444,849 |
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 |
|---|---|---|---|---|
| WAHLENBERG RTIZMAN & CO., LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $66,269 | $43,176 | — | — | — |
| 2023 | $53,890 | $34,655 | — | — | — |
| 2022 | $51,125 | — | — | — | — |