Retirement plan

PHOENIX 401(K) PLAN

Name: PHOENIX MANAGEMENT, INC. - PHOENIX 401(K) PLAN (2023) 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 2023

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

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$14.1M

+18.5% from 2022

Total participants

638

+3.9% from 2022

Average account balance

$24,179

+16.1% from 2022

Annual return

14.60%

+30.88 pp from 2022

Benchmarks

See 1,011 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,011 peers

Snapshot2023

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, LLC1 year Filed as: EMPLOYEE INCENTIVE PLANS, INC. Service code 12 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Legal; Claims processing; Recordkeepi...	$50,688
ATLASMARK FINANCIAL, INC1 year Filed as: ATLASMARK FINANCIAL, INC. Service code 16 12466 LOS INDIOS TRAIL · AUSTIN, TX 78729	Consulting	$32,492
PEGGY S. EDGE, CPA, LLC9+ years Service code 10 P.O. BOX 204151 · AUSTIN, TX 78720	Accounting	$17,080
FIDELITY INVESTMENTS INSTITUTIONAL1 year Filed as: FIDELITY BROKERAGE SERVICES, INC. Service code 12 200 SEAPORT BLVD. · BOSTON, MA 02210	Custodial (securities); Claims proces...	$7,798

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

$184K

$385 / participant

Recordkeeping$51K27.5%
Trustee / custodial$8K4.2%
Investment mgmt$32K17.7%
Other / not subdivided$93K50.6%

% of EOY assets

1.308%

all-in expense ratio

Categories reported

3 / 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: $17,080
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$24,179

$52,188-53.7%

$86,656-72.1%

$74,473-67.5%

Participation rate

88.3%

66.3%+22.0pp

71.7%+16.6pp

70.7%+17.5pp

Annual return

14.60%

44.46%-29.9pp

593.09%-578.5pp

34.36%-19.8pp

Employer contribution / active EE

$5,029

$2,282+120.4%

$3,025+66.2%

$2,638+90.6%

Participant deferral / active EE

$922

$3,383-72.7%

$4,439-79.2%

$4,530-79.6%

Admin fee / account holder

$316

$319-0.7%

$5,619-94.4%

$347-8.9%

Provider

Service type

Compensation

EMPLOYEE FIDUCIARY, LLC1 year

Filed as: EMPLOYEE INCENTIVE PLANS, INC.

Service code 12

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Legal; Claims processing; Recordkeepi...

$50,688

ATLASMARK FINANCIAL, INC1 year

Filed as: ATLASMARK FINANCIAL, INC.

Service code 16

12466 LOS INDIOS TRAIL · AUSTIN, TX 78729

Consulting

$32,492

PEGGY S. EDGE, CPA, LLC9+ years

Service code 10

P.O. BOX 204151 · AUSTIN, TX 78720

Accounting

$17,080

FIDELITY INVESTMENTS INSTITUTIONAL1 year

Filed as: FIDELITY BROKERAGE SERVICES, INC.

Service code 12

200 SEAPORT BLVD. · BOSTON, MA 02210

Custodial (securities); Claims proces...

$7,798

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