# Phillips Corporation 401(k) Plan
Source: https://planprovider.pro/companies/phillips-corporation-401k-plan

> Phillips Corporation's 401(k) plan: 330 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

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

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