Retirement plan

PHILLIPS & COHEN ASSOCIATES 401(K) PLAN

Name: PHILLIPS & COHEN ASSOCIATES, LTD - PHILLIPS & COHEN ASSOCIATES 401(K) PLAN (2023) Form 5500
Creator: PHILLIPS & COHEN ASSOCIATES, LTD
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHILLIPS & COHEN ASSOCIATES 401(K) PLAN, PHILLIPS & COHEN ASSOCIATES, LTD

PHILLIPS & COHEN ASSOCIATES, LTDEIN 22-3527610Plan #001PY 2023

1002 JUSTISON STREET - WILMINGTON, DE 19801888-608-1766phillips-cohen.comLinkedIn201-500 employeesfinancial services

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.2M

+35.8% from 2022

Total participants

277

-1.1% from 2022

Average account balance

$39,191

+30.7% from 2022

Annual return

21.58%

+38.57 pp from 2022

Benchmarks

See 821 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants250-999

Cohort821 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.78M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$46K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

235

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

81.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.64M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.27%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$259

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
JOHN HANCOCK LIFE INSURANCE COMPANY3 years Filed as: JOHN HANCOCK Service code 15 · EIN 01-0233346	Recordkeeping	$44,553
AMERIPRISE FINANCIAL SERVICES INC3 years Filed as: AMERIPRISE FINANCIAL SERVICES INC. Service code 55	Other Commissions	$0

Plan features & details

Pension benefit codes2E2F2G2J2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$45K

$171 / participant

Contract admin$45K100.0%

% of EOY assets

0.541%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BEFLINT, LYONS & SHUMAN, PA
Auditor EIN: 510232399
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,191

$40,386-3.0%

$80,607-51.4%

$74,440-47.4%

Participation rate

74.2%

47.4%+26.9pp

67.0%+7.2pp

70.7%+3.5pp

Annual return

21.58%

165.00%-143.4pp

936.11%-914.5pp

34.37%-12.8pp

Employer contribution / active EE

$1,757

$1,496+17.5%

$2,724-35.5%

$2,638-33.4%

Participant deferral / active EE

$3,554

$2,670+33.1%

$4,448-20.1%

$4,529-21.5%

Admin fee / account holder

$212

$720-70.5%

$5,379-96.1%

$348-39.0%

Provider

Service type

Compensation

JOHN HANCOCK LIFE INSURANCE COMPANY3 years

Filed as: JOHN HANCOCK

Service code 15 · EIN 01-0233346

Recordkeeping

$44,553

AMERIPRISE FINANCIAL SERVICES INC3 years

Filed as: AMERIPRISE FINANCIAL SERVICES INC.

Service code 55

Other Commissions

PHILLIPS & COHEN ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHILLIPS & COHEN ASSOCIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion