Plan Snapshot
- Plan Sponsor: Phillips Industries, INC.
- Sponsor EIN: 952596625
- Sponsor Address: 12012 BURKE STREET, SANTA FE SPRINGS, CA, 90670
- Plan Type: 401(k)
- Total Participants: 223
- Total Assets: $26.5M
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 | 223 | $26.5M | $651,024 | $1.7M |
| 2023 | 200 | $30.0M | $744,049 | $1.8M |
| 2022 | 330 | $25.5M | $653,142 | $1.5M |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
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 | $10,412 | $8,174 | — | — | — |
| 2023 | $10,838 | $7,838 | — | — | — |
| 2022 | $10,576 | $7,682 | — | — | — |