Plan5500

Phillips Industries Retirement Plan — Form 5500 plan (Phillips Industries, 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 Industries Retirement Plan is a benefit plan reported by Phillips Industries, Inc. under EIN 95-2596625 and plan number 001. The latest loaded filing year is 2023. The filing reports 389 participants and $29,963,700 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$30MPlan net assets, end of year$29,963,700
Participants389Covered participants reported
Assets / participant$77KComputed: assets ÷ participants$77,028 (computed)
Provider compensation$10.8K2 Schedule C provider row(s)$10,838
Plan sponsor
Phillips Industries, Inc.
EIN
95-2596625
Plan number
001
Plan type
2
Location
Santa Fe Springs, CA
Latest filing year
2023
How to read this plan profile
  • Net assets = total assets minus total liabilities, end of year (Schedule H/I).
  • Assets / participant is computed (assets ÷ reported participants) — a ratio, not a filed figure.
  • Schedule chips (Sch H / I / C) show which schedules each filing includes.
  • Fields a filing did not report are labeled not reported in the loaded dataset — never estimated.
  • Figures are reported as filed, in whole dollars; verify against the official DOL/EBSA record before relying on them.
EFAST2 filings

Form 5500 filing history

Each loaded annual filing for this plan. Open one for its full reported snapshot.

  1. 2023
    389 participants · 2Sch HSch C
    View filing →
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$30M total assets
Net assets$30MLiabilities$0
Money in vs. money out
Total income / additions$7.6M
Total expenses$3.1M
Benefits paid / distributions$3.1M
Contributions
Employer$744K
Participant$1.8M
Full reported line items

Net assets

Total assets (EOY)
$29,963,700
Total liabilities (EOY)
$0
Net assets (EOY)
$29,963,700
Net assets (BOY)
$25,455,341

Income & contributions

Employer contributions
$744,049
Participant contributions
$1,806,360
Total contributions
$3,065,622
Total income / additions
$7,590,766

Expenses & distributions

Benefits paid
$3,065,583
Administrative expenses
$10,838
Total expenses
$3,082,407
Net increase / (decrease)
$4,508,359
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 29%Participant 71%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income40%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Schedule C

Service provider compensation

Reported direct + indirect compensation per provider, ranked. Bars show relative scale.

  1. 1
    Strategic Advisors, Inc.$7.8K
    ADVISOR · Direct $7.8K
  2. 2
    Fidelity Investments Institutional$3K
    RECORDKEEPER · Direct $3K · Indirect $0

What to inspect next

Frequently asked questions

Who sponsors the Phillips Industries Retirement Plan?
Phillips Industries Retirement Plan is reported as sponsored by Phillips Industries, Inc. (EIN 95-2596625, plan number 001) in public Form 5500 filings.
What is the most recent Form 5500 filing year for Phillips Industries Retirement Plan?
The latest Form 5500 filing year loaded for Phillips Industries Retirement Plan is 2023.
How many participants does Phillips Industries Retirement Plan report?
Phillips Industries Retirement Plan reports 389 participants in its latest loaded Form 5500 filing.
What are the reported plan assets for Phillips Industries Retirement Plan?
Phillips Industries Retirement Plan reports $29,963,700 in end-of-year plan assets in its latest loaded Form 5500 filing.
Form 5500 terms, in plain English
Form 5500
The annual report most U.S. employee benefit plans file with the Department of Labor through the EFAST2 system. It documents the plan sponsor, participants, finances, and service-provider compensation.
Schedule H
The financial statement for larger plans (generally 100+ participants): assets, liabilities, net assets, income, expenses, and the net change.
Schedule I
The condensed financial statement for smaller plans, covering the same kinds of figures in less detail.
Schedule C
Reports compensation paid to the plan’s service providers — both direct and indirect.
Net assets
Total assets minus total liabilities at the end of the year — what the plan holds for participants.
Employer / participant contributions
Money contributed to the plan by the employer and by participants during the year.

Figures are reported as filed and may contain errors or omissions. Verify against the official DOL/EBSA record before relying on any value.

Related Form 5500 pages