Plan Ledger DOL Form 5500 · updated monthly

Phillips Managed Support Srvcs401(k)

PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN · MIDDLETOWN, PA · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Phillips Managed Support Srvcs reported $44,303 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $454 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 rose from 0.39% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Pennsylvania (2,189th of 3,651), and the 945th of 2,534 in administrative & support services. In 2024, employees put in $6.52 for every $1.00 the employer contributed; active participation has grown from 141 to 175 since 2022.

Plan summary
Net assets, end of year$11,079,168
Participants with balances206
Active participants175
Employer contributions$79,418
Employee contributions$517,856
Employer contribution per active participant$454
Average account balance$53,782
Benefits paid to participants$461,125
Plan auditUnmodified (clean) audit opinion
AuditorTROUT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$11.1M · 206 accts · $79K emplr
2023$9.6M · 179 accts · $85K emplr
2022$10.1M · 225 accts · $102K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,780
Investment management$22,523
Total administrative$44,303
The Phillips Managed Support Srvcs 401(k) match · 2024
Employer contribution per active participant$454
Median for plans this size$2,416
2024$454 per active participant
2023$557 per active participant
2022$723 per active participant

Phillips Managed Support Srvcs's 2024 employer contribution ran below the $2,416 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
GREENSPRING ADVISORS, LLC · Recordkeeping · Trustee$22,523
ADP, INC. · Recordkeeping$21,780

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

Recordkeeper by year2
2024ADP, GREENSPRING ADVISORS, LLC
2023ADP, GREENSPRING ADVISORS, LLC

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$44,303 · 0.43%
2023$41,280 · 0.42%
2022$43,386 · 0.39%
Same employer
Similar plansAdministrative & Support Services · Pennsylvania
Jdk Management Co, L.P. PA$13.8M · 1.01%
Delta-T Group, Inc. PA$13.7M · 0.09%
Varischetti and Sons, Inc. PA$12.6M · 0.02%
Fjc Security Services, Inc. PA$11.4M · 1.20%
Diversified Care Management PA$10.1M · 0.17%
Intertech Security, LLC PA$8.0M · 0.69%

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Source: U.S. Department of Labor, Form 5500 series, EIN 475507628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.