# Phoenix Financial Services, LLC 401(k) Plan
Source: https://planprovider.pro/companies/phoenix-financial-services-llc-401k-plan

> Phoenix Financial Services, LLC's 401(k) plan: 274 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/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|—|—|—|—|

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- [Peoplease LLC](https://planprovider.pro/companies/peoplease-llc-401k-plan) — 5,608 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/phoenix-financial-services-llc-401k-plan)

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