Plan Snapshot
- Plan Sponsor: Phinia INC.
- Sponsor EIN: 922483604
- Sponsor Address: 3000 UNIVERSITY DRIVE, AUBURN HILLS, MI, 48326
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 666
- Total Assets: $183.4M
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. |
|---|---|---|---|---|
| 2025 | 666 | $183.4M | $0 | $0 |
| 2024 | 448 | $158.4M | $3.9M | $5.5M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $45,151 | — | $45,151 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $9,295 | — | $9,295 |
| OGLETREE, DEAKINS, NASH, SMOAK, P. | ERISA Attorney | $5,532 | — | $5,532 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $59,978
- Estimated Expense Ratio: 0.033% 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 | $15,966,267 | $9,295 | $600 | — | — |
| 2024 | $41,860 | $4,297 | — | — | — |