Phillips Foods, Inc. 401k Profit Sharing Plan — Form 5500 plan (Phillips Foods, Inc.)
Plain-English plan 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, Phillips Foods, Inc. 401k Profit Sharing Plan is a benefit plan reported by Phillips Foods, Inc. under EIN 52-1624247 and plan number 001. The latest loaded filing year is 2023. The filing reports 229 participants and $10,116,529 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Phillips Foods, Inc.
- EIN
- 52-1624247
- Plan number
- 001
- Plan type
- 2
- Location
- Baltimore, MD
- Latest filing year
- 2023
- Participants
- 229
- End-of-year plan assets
- $10,116,529
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 229 | H, C | 20240729065021NAL0018537825001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $10,116,529
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $10,116,529
- Net assets (BOY)
- $9,871,288
Income & contributions
- Employer contributions
- $67,642
- Participant contributions
- $461,716
- Total contributions
- $529,358
- Total income / additions
- $1,881,387
Expenses & distributions
- Benefits paid
- $1,618,299
- Administrative expenses
- $17,847
- Total expenses
- $1,636,146
- Net increase / (decrease)
- $245,241
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Lincoln Financial Securities | BROKER/ADVISOR | $0 | $24,510 | 2023 |
| Retirement Planners & Administrator | CONTRACT ADMIN | $2,300 | $10,000 | 2023 |
| Empower Annuity Insurance Co Of Ame | RECORDKEEPER | $8,455 | $0 | 2023 |
| Empower Advisor Group, LLC | INVESTMENT MANAGEMENT | $3,655 | not reported in the loaded dataset | 2023 |
| Envestnet Retirement Solutions, LLC | OTHER | $3,437 | not reported in the loaded dataset | 2023 |
Related Form 5500 pages
- All Form 5500 plans for Phillips Foods, Inc.
- 2023 Form 5500 filing
- Form 5500 filings in MD
- 401(k) and benefit plan filings in Baltimore, MD
- Lincoln Financial Securities — Schedule C compensation
- Retirement Planners & Administrator — Schedule C compensation
- Empower Annuity Insurance Co Of Ame — Schedule C compensation
- Empower Advisor Group, LLC — Schedule C compensation
- Envestnet Retirement Solutions, LLC — Schedule C compensation