Retirement plan

PHOENIX 401(K) PLAN

Name: PHOENIX MANAGEMENT, INC. - PHOENIX 401(K) PLAN (2022) 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 2022

2000 WINDY TERRACE, SUITE 5A - CEDAR PARK, TX 78613512-335-5663

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$11.9M

-7.0% from 2021

Total participants

614

-2.8% from 2021

Average account balance

$20,829

-5.5% from 2021

Annual return

-16.28%

-34.52 pp from 2021

Benchmarks

See 934 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort934 peers

Snapshot2022

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, LLC8+ years Filed as: EMPLOYEE INCENTIVE PLANS Service code 12 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Contract Administrator; Legal; Claims...	$46,343
ATLASMARK FINANCIAL, INC7 years Filed as: ATLASMARK FINANCIAL SERVICES, INC Service code 16 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Consulting	$29,712
NATIONAL FINANCIAL SERVICES8+ years Filed as: NATIONAL FINANCIAL SERVICES, LLC Service code 12 200 LIBERTY STREET · NEW YORK, NY 10281	Claims processing; Custodial (securit...	$7,131

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

0 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$149K

$327 / participant

Investment mgmt$30K19.9%
Contract admin$53K35.9%
Other / not subdivided$66K44.2%

% of EOY assets

1.255%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,829

$47,766-56.4%

$82,763-74.8%

$64,824-67.9%

Participation rate

90.3%

67.7%+22.6pp

72.6%+17.8pp

71.5%+18.9pp

Annual return

-16.28%

-13.06%-3.2pp

702.45%-718.7pp

32.84%-49.1pp

Employer contribution / active EE

$5,156

$2,182+136.3%

$3,008+71.4%

$2,507+105.7%

Participant deferral / active EE

$975

$3,332-70.7%

$4,395-77.8%

$4,311-77.4%

Admin fee / account holder

$261

$143+82.8%

$5,325-95.1%

$188+39.2%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC8+ years

Filed as: EMPLOYEE INCENTIVE PLANS

Service code 12

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Contract Administrator; Legal; Claims...

$46,343

ATLASMARK FINANCIAL, INC7 years

Filed as: ATLASMARK FINANCIAL SERVICES, INC

Service code 16

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Consulting

$29,712

NATIONAL FINANCIAL SERVICES8+ years

Filed as: NATIONAL FINANCIAL SERVICES, LLC

Service code 12

200 LIBERTY STREET · NEW YORK, NY 10281

Claims processing; Custodial (securit...

$7,131

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