Phrg Management LLC 401(k) Review & Grade
Phrg Management LLC 401(k) Savings Plan
Chester, PAConstruction3,400 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,511Employer $ per active participant
$4,416Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$157.8MNet plan assets, end of year
$66,053Average balance per account
Score breakdown
- Employer generosity28.0 / 5056th percentile for employer $ per participant
- Low cost11.8 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 47th |
| Employee saving | 47th |
| Peers that auto-enroll | 57% |
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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 ($3,071 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
- Phrg Management put in about $2,511 per active participant, more than the typical peer ($1,965). 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.
- 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 | $8,536,901 |
| Participant (employee) contributions | $15,013,350 |
| Other contributions (incl. rollovers in) | $1,283,773 |
| Administrative expenses paid from the plan | $185,004 |
| Benefits paid out | $8,468,981 |
| Net assets, start / end of year | $120.5M / $157.8M |
| Active participants, start / end of year | 3,046 / 3,753 |
| Participants with account balances | 2,389 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kreischer Miller |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $173,130 reported compensation |
| Charles Schwab & Co., Inc. | $47 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013122052NAL0002762674001, received 2025-10-13, EIN 85-3991731, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.