Plan Snapshot
- Plan Sponsor: Phoenix Financial Services, LLC
- Sponsor EIN: 300651611
- Sponsor Address: 174 CALLAWASSIE DRIVE, OKATIE, SC, 29909
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 372
- Total Assets: $20.5M
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. |
|---|---|---|---|---|
| 2025 | 372 | $20.5M | $0 | $0 |
| 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 | Investment Advisor | $46,013 | — | $46,013 |
| EMPOWER ADVISORY GROUP | Investment Advisor | $17,381 | — | $17,381 |
| WEBSTERROGERS LLP | Auditor | $13,400 | — | $13,400 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $76,794
- Estimated Expense Ratio: 0.374% 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 | $1,503,889 | $40,013 | $17,381 | $13,400 | — |
| 2024 | $21,241 | — | $21,241 | — | — |
| 2023 | $8,438 | — | $8,438 | — | — |
| 2022 | $17,686 | — | — | — | — |