Plan Snapshot
- Plan Sponsor: Phillips Corporation
- Sponsor EIN: 520736062
- Sponsor Address: 7390 COCA COLA DR., HANOVER, MD, 21076
- Plan Type: 401(k)
- Total Participants: 330
- Total Assets: $36.8M
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 | 330 | $36.8M | $965,432 | $2.4M |
| 2023 | 301 | $30.4M | $846,580 | $2.1M |
| 2022 | 259 | $26.0M | $758,261 | $1.9M |
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 |
|---|---|---|---|---|
| COLUMBIA BENEFITS CONSULANTS, INC. | PLAN ADMINISTRATION | $30,043 | — | $30,043 |
| LPL FINANCIAL | PLAN INVESTMENT ADVISORY | $25,000 | — | $25,000 |
| ROSEN SAPPERSTEIN & FRIEDLANDER LLC | Auditor | $25,000 | — | $25,000 |
| AMERICAN TRUST | CONTRACT ADMIN | $7,957 | — | $7,957 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LPL FINANCIAL — PLAN INVESTMENT ADVISORY
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,000
- Estimated Expense Ratio: 0.239% 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 | $63,000 | — | — | $25,000 | — |
| 2023 | $101,316 | — | $64,601 | $6,715 | — |
| 2022 | $100,422 | $30,000 | $65,707 | — | — |