Retirement plan

PHASE 1 GROUP, INC. 401(K) PROFIT SHARING PLAN

Name: PHASE 1 GROUP, INC. - PHASE 1 GROUP, INC. 401(K) PROFIT SHARING PLAN (2019) Form 5500
Creator: PHASE 1 GROUP, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHASE 1 GROUP, INC. 401(K) PROFIT SHARING PLAN, PHASE 1 GROUP, INC.

PHASE 1 GROUP, INC.EIN 22-3540738Plan #001PY 2019

59 ENGLEWOOD AVENUE - STATEN ISLAND, NY 10309732-379-4990phase1nyc.comLinkedIn1-10 employees

Other plans on this EIN

2 filings

#003Retirement-$401K assets #002Retirement--

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$179K

-89.3% from 2017

Total participants

+200.0% from 2017

Average account balance

$22,337

-96.0% from 2017

Annual return

11.88%

-5.89 pp from 2017

Benchmarks

See 40,731 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort40,731 peers

Snapshot2019

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

Analytics

Total assets (EOY)

Plan-year ending balance

$896K

Not enough data

1 years with asset history on file

Average account balance

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

$112K

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.

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.

160.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$69K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+8.87%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1011

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

0 years with F_SCH_H allocation on file

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

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2J3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$193369 / participant

Other / not subdivided$2M100.0%

% of EOY assets

973.903%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,337

$107,363-79.2%

$92,909-76.0%

$152,897-85.4%

Participation rate

88.9%

79.8%+9.1pp

76.0%+12.9pp

82.5%+6.4pp

Annual return

11.88%

145.63%-133.7pp

109.44%-97.6pp

345.43%-333.5pp

Employer contribution / active EE

$6,998

$4,222+65.8%

$3,653+91.6%

$4,764+46.9%

Participant deferral / active EE

$8,379

$4,848+72.8%

$4,238+97.7%

$5,851+43.2%

Admin fee / account holder

$217,541

$7,082+2972.0%

$5,795+3653.9%

$11,599+1775.4%

PHASE 1 GROUP, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHASE 1 GROUP, INC. 401(K) PROFIT SHARING 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