Phaxis, LLC401(k)
PHAXIS 401(K) PLAN · MELVILLE, NY · plan year 2024
Phaxis, LLC reported $82,422 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio rose from 0.61% to 0.93%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in New York (3,670th of 5,648), and the 1,031st of 2,534 in administrative & support services. active participation has grown from 227 to 305 since 2022.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 880608565 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.