Plan Ledger DOL Form 5500 · updated monthly

Phillips Infrastructure Holdings, Inc.401(k)

PHILLIPS INFRASTRUCTURE HOLDINGS, INC. 401(K) RETIREMENT SAVINGS PLAN · KNOXVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
0.32%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Phillips Infrastructure Holdings, Inc. reported $229,472 in plan administrative expenses for 2024: 0.32% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,520 per active participant. 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 fell from 0.35% to 0.32%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 211th-largest of 1,496 plans among Tennessee employers on file, and the 766th of 5,337 in construction. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 1,064 to 1,595 since 2022.

Plan summary
Net assets, end of year$76,964,942
Participants with balances1,885
Active participants1,595
Employer contributions$2,423,812
Employee contributions$8,605,883
Employer contribution per active participant$1,520
Average account balance$40,830
Benefits paid to participants$9,096,019
Plan auditUnmodified (clean) audit opinion
AuditorRODEFER MOSS & CO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$77.0M · 1,885 accts · $2.4M emplr
2023$65.8M · 1,774 accts · $2.1M emplr
2022$52.9M · 1,675 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,434
Total administrative$229,472
The Phillips Infrastructure Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,520
Median for plans this size$3,635
2024$1,520 per active participant
2023$2,007 per active participant
2022$1,957 per active participant

Phillips Infrastructure Holdings, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$178,434
XXX · Investment advisory (plan)$51,038

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$229,472 · 0.32%
2023$192,029 · 0.32%
2022$196,427 · 0.35%
Same employer
Similar plansConstruction · Tennessee
Lee Company TN$68.7M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823206761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.