Plan Snapshot
- Plan Sponsor: Phillips Infrastructure Hldgs, INC
- Sponsor EIN: 823206761
- Sponsor Address: 10142 PARKSIDE DRIVE SUITE 500, KNOXVILLE, TN, 37922
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,562
- Total Assets: $827,236
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,562 | $827,236 | $9.7M | $3.7M |
| 2023 | 1,347 | $1.4M | $9.2M | $3.6M |
| 2022 | 1,409 | $1.1M | $8.0M | $3.9M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH & LIFE INS. COMPANY | Recordkeeper | $1,075,608 | $10,356 | $1,085,964 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,085,964
- Estimated Expense Ratio: 131.276% 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 | $16,684 | — | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | $3,986 | — | — | — | — |