Plan Snapshot
- Plan Sponsor: Philly Shipyard, INC.
- Sponsor EIN: 232946098
- Sponsor Address: 2100 KITTY HAWK AVE., PHILADELPHIA, PA, 19112
- Plan Type: 401(k)
- Total Participants: 560
- Total Assets: $38.1M
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 | 560 | $38.1M | $1.7M | $2.8M |
| 2023 | 519 | $30.6M | $1.5M | $2.4M |
| 2022 | 421 | $25.2M | $951,456 | $1.8M |
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 |
|---|---|---|---|---|
| WIPFLI LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WIPFLI 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 | $100,734 | $33,290 | $67,444 | — | — |
| 2023 | $65,593 | — | $58,440 | — | — |
| 2022 | $33,744 | — | $33,744 | — | — |