Plan Snapshot
- Plan Sponsor: Trustees Of Phillips Academy
- Sponsor EIN: 042103579
- Sponsor Address: 180 MAIN STREET, ANDOVER, MA, 018104161
- Plan Type: 403(b)
- Total Participants: 763
- Total Assets: $349.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 763 | $349.0M | $4.9M | $5.6M |
| 2023 | 756 | $322.5M | $4.7M | $5.6M |
| 2022 | 723 | $280.8M | $4.5M | $5.1M |
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 |
|---|---|---|---|---|
| TIAA | NONE | $124,481 | — | $124,481 |
| FIDUCIENT ADVISORS, LLC | NONE | $49,866 | — | $49,866 |
| CBIZ CPAS P.C. | NONE | $21,525 | — | $21,525 |
| NFP RETIREMENT INC. | NONE | $6,875 | — | $6,875 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — NONE
- NFP RETIREMENT INC. — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $202,747
- Estimated Expense Ratio: 0.058% 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 | $203,947 | $56,741 | $1,344 | $21,525 | — |
| 2023 | $162,543 | $40,600 | $1,116 | $20,710 | — |
| 2022 | $120,995 | $8,200 | — | — | $19,100 |