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 (2023) 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 2023

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

Other plans on this EIN

1 filing

#003Retirement-$1.2M assets

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$760K

+22.8% from 2022

Total participants

+42.9% from 2022

Average account balance

$84,455

-4.5% from 2022

Annual return

12.98%

+30.64 pp from 2022

Benchmarks

See 51,594 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort51,594 peers

Snapshot2023

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

0 tripped

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

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

$84,455

$106,267-20.5%

$96,520-12.5%

$139,456-39.4%

Participation rate

85.7%

77.8%+7.9pp

74.3%+11.4pp

80.3%+5.4pp

Annual return

12.98%

38.45%-25.5pp

35.72%-22.7pp

373.45%-360.5pp

Employer contribution / active EE

$2,291

$4,105-44.2%

$3,739-38.7%

$4,753-51.8%

Participant deferral / active EE

$6,427

$5,454+17.8%

$4,879+31.7%

$6,711-4.2%

Admin fee / account holder

$7,882-100.0%

$6,733-100.0%

$11,407-100.0%

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

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

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion