2023 Form 5500 filing — Phoenix Center Employee Retirement 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 20250410120848NAL0021542625001) for Phoenix Center Employee Retirement Plan, reported by The Phoenix Center, Inc. under EIN 22-3114959 and plan number 001. It reports 248 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20250410120848NAL0021542625001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- The Phoenix Center, Inc.
- EIN
- 22-3114959
- Plan number
- 001
- Location
- Nutley, NJ
- Participants
- 248
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $15,792,105
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $15,792,105
- Employer contributions
- $271,257
- Participant contributions
- $473,125
- Total income / additions
- $2,743,272
- Benefits paid
- $1,733,591
- Administrative expenses
- $25,710
- Total expenses
- $1,759,301
- Net increase / (decrease)
- $983,971
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Wells Fargo Advisors Ins. Agency | INVESTMENT ADVISOR | $24,805 | not reported in the loaded dataset |
| Empower Annuity Insurance Company | RECORD KEEPER | $17,628 | $0 |
| Benefit Consultants Group | THIRD PARTY ADMINISTRATOR | $1,170 | $4,961 |