Plan Snapshot
- Plan Sponsor: Phoenix Financial Services, LLC
- Sponsor EIN: 300651611
- Sponsor Address: 174 CALLAWASSIE DRIVE, OKATIE, SC, 29909
- Plan Type: 401(k)
- Total Participants: 274
- Total Assets: $15.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 274 | $15.0M | $456,427 | $871,483 |
| 2023 | 257 | $14.5M | $418,152 | $818,896 |
| 2022 | 247 | $12.1M | $317,277 | $721,276 |
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 |
|---|---|---|---|---|
| AEGIS RETIREMENT PARTNERS | TPA, FIDUCIARY ADVISOR | $42,449 | — | $42,449 |
| EMPOWER ADVISORY GROUP | INVESTMENT MANAGEMENT | $14,929 | — | $14,929 |
| WEBSTERROGERS LLP | AUDITOR | $12,850 | — | $12,850 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WEBSTERROGERS LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $70,228
- Estimated Expense Ratio: 0.467% 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 | $21,241 | — | $21,241 | — | — |
| 2023 | $8,438 | — | $8,438 | — | — |
| 2022 | $17,686 | — | — | — | — |