Retirement plan

PHOENIX 401(K) PLAN

Name: PHOENIX MANAGEMENT, INC. - PHOENIX 401(K) PLAN (2016) Form 5500
Creator: PHOENIX MANAGEMENT, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PHOENIX 401(K) PLAN, PHOENIX MANAGEMENT, INC.

PHOENIX MANAGEMENT, INC.EIN 74-2641906Plan #003PY 2016

10713 N FM 620, SUITE 512 - AUSTIN, TX 78726512-335-5663

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$8.7M

-18.2% from 2015

Total participants

550

+14.8% from 2015

Average account balance

$18,549

-25.7% from 2015

Annual return

6.19%

-7.53 pp from 2015

Benchmarks

See 783 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort783 peers

Snapshot2016

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

Analytics

Total assets (EOY)

Plan-year ending balance

$14.73M

Not enough data

1 years with asset history on file

Average account balance

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

$30K

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.

489

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.

86.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.33M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+10.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$425

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 4 by compensation

Provider	Service type	Compensation
EMPLOYEE FIDUCIARY, LLC2+ years Filed as: EMPLOYEE INCENTIVE PLANS Service code 12 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Legal; Recordkeeping fees; Recordkeep...	$76,510
ATLASMARK FINANCIAL, INC1 year Filed as: ATLASMARK FINANCIAL SERVICES, INC Service code 16 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Consulting	$68,978
PEGGY S. EDGE, CPA, LLC2+ years Service code 10 PO BOX 204151 · AUSTIN, TX 78720	Accounting	$16,500
NATIONAL FINANCIAL SERVICES2+ years Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 12 200 LIBERTY STREET · NEW YORK, NY 10281	Custodial (securities); Claims proces...	$4,236

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

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

$181K

$634 / participant

Investment mgmt$73K40.6%
Contract admin$77K42.4%
Other / not subdivided$31K17.1%

% of EOY assets

2.076%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: PEGGY S. EDGE, CPA, LLC
Auditor EIN: 264527814
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$18,549

$39,859-53.5%

$78,676-76.4%

$57,658-67.8%

Participation rate

71.6%

66.1%+5.5pp

73.6%-2.0pp

70.2%+1.4pp

Annual return

6.19%

18.96%-12.8pp

62.19%-56.0pp

5.13%+1.1pp

Employer contribution / active EE

$4,124

$1,786+131.0%

$2,850+44.7%

$1,974+109.0%

Participant deferral / active EE

$820

$2,248-63.5%

$3,517-76.7%

$3,061-73.2%

Admin fee / account holder

$385

$76+405.5%

$4,510-91.5%

$95+307.4%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC2+ years

Filed as: EMPLOYEE INCENTIVE PLANS

Service code 12

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Legal; Recordkeeping fees; Recordkeep...

$76,510

ATLASMARK FINANCIAL, INC1 year

Filed as: ATLASMARK FINANCIAL SERVICES, INC

Service code 16

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Consulting

$68,978

PEGGY S. EDGE, CPA, LLC2+ years

Service code 10

PO BOX 204151 · AUSTIN, TX 78720

Accounting

$16,500

NATIONAL FINANCIAL SERVICES2+ years

Filed as: NATIONAL FINANCIAL SERVICES, LLC

Service code 12

200 LIBERTY STREET · NEW YORK, NY 10281

Custodial (securities); Claims proces...

$4,236

PHOENIX 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PHOENIX 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