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 (2020) 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 2020

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

Other plans on this EIN

1 filing

#003Retirement-$630K assets

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$374K

+109.2% from 2019

Total participants

-22.2% from 2019

Average account balance

$53,399

+139.1% from 2019

Annual return

21.51%

+9.63 pp from 2019

Benchmarks

See 42,043 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort42,043 peers

Snapshot2020

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

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$3K

$653 / participant

Other / not subdivided$3K100.0%

% of EOY assets

0.874%

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

$53,399

$115,796-53.9%

$101,264-47.3%

$158,950-66.4%

Participation rate

100.0%

79.4%+20.6pp

75.8%+24.2pp

82.0%+18.0pp

Annual return

21.51%

56.15%-34.6pp

46.48%-25.0pp

302.91%-281.4pp

Employer contribution / active EE

$16,513

$4,175+295.5%

$3,660+351.2%

$4,762+246.8%

Participant deferral / active EE

$14,818

$4,958+198.9%

$4,370+239.0%

$5,983+147.7%

Admin fee / account holder

$467

$7,247-93.6%

$5,947-92.2%

$11,248-95.9%

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