Plan Snapshot
- Plan Sponsor: Phillips Precision, INC.
- Sponsor EIN: 222071997
- Sponsor Address: 7 PAUL KOHNER PLACE, ELMWOOD PARK, NJ, 07407
- Plan Type: DC
- Total Participants: 0
- Total Assets: $11,813
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. |
|---|---|---|---|---|
| 2023 | 0 | $11,813 | $0 | $0 |
| 2022 | 185 | $5.9M | $0 | $0 |
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 |
|---|---|---|---|---|
| RAYMOND JAMES FINANCIAL GROUP | Investment Advisor | $22,859 | — | $22,859 |
| THE NAPOLITANO GROUP | Investment Advisor | $15,162 | — | $15,162 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $38,021
- Estimated Expense Ratio: 321.857% 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 |
|---|---|---|---|---|---|
| 2023 | $64,963 | $52,364 | — | — | — |
| 2022 | $39,323 | $39,323 | — | — | — |