Phoenix Retail, LLC 401(k) Review & Grade
Phoenix Savings & Retirement Plan
Columbus, OHRetail Trade3,873 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$864Employer $ per active participant
$1,693Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$141.0MNet plan assets, end of year
$67,189Average balance per account
Score breakdown
- Employer generosity29.7 / 5059th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 61th |
| Employee saving | 41th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,204 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Phoenix Retail put in about $864 per active participant, more than the typical peer ($650). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,344,846 |
| Participant (employee) contributions | $6,558,601 |
| Other contributions (incl. rollovers in) | $1,270,145 |
| Administrative expenses paid from the plan | $125,275 |
| Investment advisory & management fees | $37,814 |
| Other admin expenses | $507 |
| Benefits paid out | $27,796,397 |
| Net assets, start / end of year | $138.0M / $141.0M |
| Active participants, start / end of year | 3,975 / 3,771 |
| Participants with account balances | 2,099 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ary Roepcke Mulchaey, P.C. |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $92,032 reported compensation |
| Capfinancial Partners LLC | $19,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910143339NAL0021259857001, received 2025-09-10, EIN 99-3094458, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.