Phillips Service Industries Inc.401(k)
PHILLIPS SERVICE INDUSTRIES INC. SAVINGS AND RETIREMENT PLAN · PLYMOUTH, MI · plan year 2024
Phillips Service Industries Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $29,055,013 across 232 participant accounts, with employer contributions averaging $541 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.17% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other management of companies employers. By assets it is the 807th-largest of 2,619 plans among Michigan employers on file, and the 372nd of 786 in management of companies. In 2024, employees put in $14.07 for every $1.00 the employer contributed.
Phillips Service Industries Inc.'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.
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 382509613 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.