Retirement plan

PHOENIX 401(K) PLAN

Name: PHOENIX MANAGEMENT, INC. - PHOENIX 401(K) PLAN (2020) 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 2020

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

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$10M

+4.8% from 2019

Total participants

641

+5.8% from 2019

Average account balance

$17,906

+4.3% from 2019

Annual return

12.63%

-5.51 pp from 2019

Benchmarks

See 874 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort874 peers

Snapshot2020

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 3 by compensation

Provider	Service type	Compensation
EMPLOYEE FIDUCIARY, LLC6+ years Filed as: EMPLOYEE INCENTIVE PLANS Service code 12 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Claims processing; Recordkeeping fees...	$36,412
ATLASMARK FINANCIAL, INC5 years Filed as: ATLASMARK FINANCIAL SERVICES, INC Service code 16 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Consulting	$23,341
NATIONAL FINANCIAL SERVICES6+ years Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 12 200 LIBERTY STREET · NEW YORK, NY 10281	Claims processing; Custodial (securit...	$5,602

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

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$119K

$245 / participant

Investment mgmt$29K24.3%
Contract admin$36K30.6%
Other / not subdivided$54K45.1%

% of EOY assets

1.191%

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

$17,906

$52,722-66.0%

$90,461-80.2%

$73,412-75.6%

Participation rate

82.9%

67.7%+15.2pp

72.7%+10.2pp

72.2%+10.7pp

Annual return

12.63%

20.70%-8.1pp

1294.76%-1282.1pp

59.30%-46.7pp

Employer contribution / active EE

$5,095

$1,872+172.2%

$3,264+56.1%

$2,234+128.1%

Participant deferral / active EE

$596

$2,810-78.8%

$3,964-85.0%

$3,806-84.3%

Admin fee / account holder

$213

$117+82.5%

$5,617-96.2%

$158+35.0%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC6+ years

Filed as: EMPLOYEE INCENTIVE PLANS

Service code 12

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Claims processing; Recordkeeping fees...

$36,412

ATLASMARK FINANCIAL, INC5 years

Filed as: ATLASMARK FINANCIAL SERVICES, INC

Service code 16

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Consulting

$23,341

NATIONAL FINANCIAL SERVICES6+ years

Filed as: NATIONAL FINANCIAL SERVICES, LLC

Service code 12

200 LIBERTY STREET · NEW YORK, NY 10281

Claims processing; Custodial (securit...

$5,602

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