Plan Snapshot
- Plan Sponsor: Phillips Foods, INC.
- Sponsor EIN: 521624247
- Sponsor Address: 3761 COMMERCE DRIVE, SUITE 413, BALTIMORE, MD, 21227
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 177
- Total Assets: $13.2M
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. |
|---|---|---|---|---|
| 2025 | 177 | $13.2M | $0 | $0 |
| 2024 | 123 | $11.7M | $208,254 | $466,089 |
| 2023 | 129 | $10.1M | $67,642 | $461,716 |
| 2022 | 99 | $9.9M | $67,411 | $473,331 |
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 |
|---|---|---|---|---|
| OSAIC WEALTH INC | Investment Advisor | — | $23,901 | $23,901 |
| EMPOWER ANNUITY INSURANCE CO OF AME | Recordkeeper | $16,410 | — | $16,410 |
| RETIREMENT PLANNERS & ADMINISTRATOR | Other Service Provider | $1,900 | $10,000 | $11,900 |
| ENVESTNET RETIREMENT SOLUTIONS, LLC | Other Service Provider | $5,848 | — | $5,848 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $58,059
- Estimated Expense Ratio: 0.439% 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 |
|---|---|---|---|---|---|
| 2025 | $818,216 | — | $1,900 | — | — |
| 2024 | $13,010 | — | $2,500 | — | — |
| 2023 | $17,847 | — | $2,300 | — | — |
| 2022 | $20,312 | — | $18,412 | — | $1,900 |