Retirement plan

PHASE II PRODUCTS, INC. EMPLOYEE SAVINGS PLAN & TRUST

Name: PHASE II PRODUCTS, INC. - PHASE II PRODUCTS, INC. EMPLOYEE SAVINGS PLAN & TRUST (2024) Form 5500
Creator: PHASE II PRODUCTS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHASE II PRODUCTS, INC. EMPLOYEE SAVINGS PLAN & TRUST, PHASE II PRODUCTS, INC.

PHASE II PRODUCTS, INC.dba PHASE II, INC.EIN 33-0884850Plan #001PY 2024

16875 W BERNARDO DR SUITE 285 - SAN DIEGO, CA 92127619-236-9699phaseii.comLinkedIn11-50 employees

Prospect flagsHigh feesHigh assets / participant

How to read this page

Total assets (EOY)

$15.9M

+20.1% from 2023

Total participants

+8.3% from 2023

Average account balance

$664,201

+20.1% from 2023

Annual return

17.58%

-3.82 pp from 2023

Benchmarks

See 23,862 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants<25

Cohort23,862 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$15.94M

Not enough data

1 years with asset history on file

Average account balance

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

$664K

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.

91.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$464K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

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

+17.58%

Not enough data

1 years with return on file

Admin fee / account holder

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

$9489

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

Top 3 by compensation

Provider	Service type	Compensation
MORGAN STANLEY SMITH BARNEY2 years Filed as: JP MORGAN BROKERDEALER HOLDINGS INC Service code 27 PO BOX 681131 · CHICAGO, IL 60695	Advisory (Plan)	$103,544
WILSON-MCSHANE CORPORATION2 years Filed as: P J WILSON LLC Service code 65 7510 MONTECREST PARK CT · SPRING, TX 77379	Account Maintenance	$5,200
AMERICAN FUNDS2 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$0

Plan features & details

Pension benefit codes2A2H2J3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
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.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$228K

$9489 / participant

Other / not subdivided$228K100.0%

% of EOY assets

1.429%

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

$664,201

$166,242+299.5%

$165,071+302.4%

$145,884+355.3%

Participation rate

91.7%

82.0%+9.6pp

78.6%+13.0pp

80.3%+11.4pp

Annual return

17.58%

100.44%-82.9pp

70.17%-52.6pp

551.85%-534.3pp

Employer contribution / active EE

$13,520

$5,283+155.9%

$4,347+211.0%

$4,662+190.0%

Participant deferral / active EE

$5,822

$6,964-16.4%

$6,035-3.5%

$6,690-13.0%

Admin fee / account holder

$9,489

$16,658-43.0%

$12,695-25.3%

$13,392-29.1%

Provider

Service type

Compensation

MORGAN STANLEY SMITH BARNEY2 years

Filed as: JP MORGAN BROKERDEALER HOLDINGS INC

Service code 27

PO BOX 681131 · CHICAGO, IL 60695

Advisory (Plan)

$103,544

WILSON-MCSHANE CORPORATION2 years

Filed as: P J WILSON LLC

Service code 65

7510 MONTECREST PARK CT · SPRING, TX 77379

Account Maintenance

$5,200

AMERICAN FUNDS2 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

PHASE II PRODUCTS, INC. EMPLOYEE SAVINGS PLAN & TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHASE II PRODUCTS, INC. EMPLOYEE SAVINGS PLAN & TRUST

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