Phoenix Logistics, LLC 401(k) Review & Grade
Phoenix Logistics, LLC 401(k) Plan
Gilbert, AZProfessional, Scientific & Technical Services610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,753Employer $ per active participant
$7,202Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$42.5MNet plan assets, end of year
$54,062Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 54th |
| Employee saving | 36th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Phoenix Logistics put in about $2,753 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,678,044 |
| Participant (employee) contributions | $4,389,661 |
| Other contributions (incl. rollovers in) | $225,054 |
| Administrative expenses paid from the plan | $78,750 |
| Investment advisory & management fees | $78,750 |
| Benefits paid out | $3,383,655 |
| Net assets, start / end of year | $35.0M / $42.5M |
| Active participants, start / end of year | 618 / 601 |
| Participants with account balances | 787 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clifton Larson Allen |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $48,194 reported compensation |
| Empower Annuity Insurance Company O | $30,556 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822142536NAL0009324832001, received 2025-08-22, EIN 86-0683885, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.