2023 Form 5500 filing — Phillips Foods, Inc. 401k Profit Sharing Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240729065021NAL0018537825001) for Phillips Foods, Inc. 401k Profit Sharing Plan, reported by Phillips Foods, Inc. under EIN 52-1624247 and plan number 001. It reports 229 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240729065021NAL0018537825001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Phillips Foods, Inc.
- EIN
- 52-1624247
- Plan number
- 001
- Location
- Baltimore, MD
- Participants
- 229
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $10,116,529
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,116,529
- Employer contributions
- $67,642
- Participant contributions
- $461,716
- Total income / additions
- $1,881,387
- Benefits paid
- $1,618,299
- Administrative expenses
- $17,847
- Total expenses
- $1,636,146
- Net increase / (decrease)
- $245,241
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Lincoln Financial Securities | BROKER/ADVISOR | $0 | $24,510 |
| Retirement Planners & Administrator | CONTRACT ADMIN | $2,300 | $10,000 |
| Empower Annuity Insurance Co Of Ame | RECORDKEEPER | $8,455 | $0 |
| Empower Advisor Group, LLC | INVESTMENT MANAGEMENT | $3,655 | not reported in the loaded dataset |
| Envestnet Retirement Solutions, LLC | OTHER | $3,437 | not reported in the loaded dataset |