# Phoenix Closures, INC. 401(k) Plan
Source: https://planprovider.pro/companies/phoenix-closures-inc-401k-plan-003

> Phoenix Closures, INC.'s 401(k) plan: 308 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Phoenix Closures, INC.

- **Sponsor EIN:** 362583573

- **Sponsor Address:** 975 MERIDIAN LAKE DRIVE, AURORA, IL, 60504

- **Plan Type:** 401(k)

- **Total Participants:** 308

- **Total Assets:** $11.2M

## 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|308|$11.2M|$1.7M|$960,887|

| 2023|299|$8.1M|$310,607|$778,102|

| 2022|301|$6.8M|$311,427|$782,197|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$38,408|—|$38,408|

| PROSPERA FINANCIAL SERVICES|INVESTMENT ADVISORY|$6,944|$8|$6,952|

| DHJJ LTD|Auditor|—|—|$0|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $45,360

- **Estimated Expense Ratio:** 0.405% 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|$45,352|$6,944|$38,408|—|—|

| 2023|$37,575|$6,428|$31,147|—|—|

| 2022|$37,275|$6,564|$30,711|—|—|

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