Phoenix Technology Services USA Inc. 401(k) Review & Grade
Phoenix Technology Services 401(k) Plan
Houston, TXMining, Oil & Gas506 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,151Employer $ per active participant
$7,903Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$30.3MNet plan assets, end of year
$73,783Average balance per account
Score breakdown
- Employer generosity28.9 / 5058th percentile for employer $ per participant
- Low cost8.0 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 32th |
| Employee saving | 59th |
| Peers that auto-enroll | 60% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($244,605 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Phoenix Technology Services USA put in about $5,151 per active participant, more than the typical peer ($4,357). 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,603,803 |
| Participant (employee) contributions | $3,995,186 |
| Other contributions (incl. rollovers in) | $60,788 |
| Administrative expenses paid from the plan | $100,658 |
| Contract administrator fees | $1,977 |
| Investment advisory & management fees | $47,415 |
| Benefits paid out | $2,277,216 |
| Net assets, start / end of year | $22.1M / $30.3M |
| Active participants, start / end of year | 501 / 510 |
| Participants with account balances | 410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Citrin Cooperman & Company, LLP |
Largest service providers (Schedule C)
| Fidelity Workplace Services LLC | $53,242 reported compensation |
| World Investment Advisors LLC | $47,415 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251111074547NAL0002771347001, received 2025-11-11, EIN 76-0606716, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.