Plan Snapshot
- Plan Sponsor: The Phillips Collection
- Sponsor EIN: 530204620
- Sponsor Address: 1600 21ST STREET NW, WASHINGTON, DC, 20009
- Plan Type: DC
- Total Participants: 173
- Total Assets: $16.9M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 173 | $16.9M | $316,585 | $488,129 |
| 2023 | 176 | $15.1M | $300,706 | $529,364 |
| 2022 | 196 | $12.4M | $282,327 | $424,385 |
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 |
|---|---|---|---|---|
| GELMAN, ROSENBERG & FREEDMAN, CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $47,655 | $21,686 | $24,945 | — | — |
| 2023 | $41,478 | $17,508 | $22,816 | — | — |
| 2022 | $44,409 | $19,759 | $24,650 | — | — |