PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN

At the end of 2022, the total retirement plan assets of PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is $10,108,014.This plan was established in 1973.

At the end of 2022, the total number of retirement plan participants in PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is 212

In 2022, the average participant retirement account value for PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is $47,679

In 2022, the estimated average employee contribution amount per participant for PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is $5,756

In 2022, the estimated average employer match for an employee in PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is approximately $481

In 2022, PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN allocates $101,985 to match its employees’ contributions, providing an employer match rate of 16.72% of their contributions

In 2022, the total retirement plan asset growth rate of PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is -15.84%

In 2022, the estimated aggregate retirement account investment gain/loss for PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is -15.47%. This measures the effectiveness of the plan participants’ investments in the year.

In 2022, the investment and administrative expense ratio of PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN is 0.43%.

Enrollment Features

PHILLIPS MANAGED SUPPORT SERVICES, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.