401(k) · DOL Form 5500 · 2022

Phillips Foods, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
117
Participants Small participant base
65th
Percentile by assets National rank
$84,370
Avg per participant Below avg balance/head
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Official DOL plan name: Phillips Foods, Inc. 401(k) Profit Sharing Plan · Sponsored by Phillips Foods, Inc. · Maryland · Food Services & Accommodation

$10M in assets, 117 participants

Phillips Foods, Inc.'s Phillips Foods, Inc. 401(k) Profit Sharing Plan reported $10M in total assets and 117 participants in its 2022 DOL Form 5500 filing, ranking in the 65th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #4,100 in Food Services & Accommodation (4,592 peers)

Coverage in Maryland

Phillips Foods, Inc. 401(k) Profit Sharing Plan covers 117 participants in Maryland, about 13% of the average Maryland filer (state average ~929 per filing). Assets: $10M.

#4,100
in Food Services & Accommodation (4,592 peers)
-19.3%
assets change YoY

The plan reported a net loss of $2M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Phillips Foods, Inc. 401(k) Profit Sharing Plan's mid-pack asset rank among Food Services & Accommodation and all filers

Phillips Foods, Inc. 401(k) Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$9,871,288 Top 35% higher than 65% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Phillips Foods, Inc. 401(k) Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Phillips Foods, Inc. 401(k) Profit Sharing Plan sits mid-pack in the medium band (117 participants).

Plan-year Form 5500 strip

Filing strip 521624247 · Phillips Foods, Inc. PY 2022 · 401(k)

Phillips Foods, Inc. 401(k) Profit Sharing Plan · $10M · 117 · 65th

  • PART $10M
  • TYPE 117
  • NET 65th
  • BOOK 401(k)
  • VS-ST near Ek Health Services, Inc. 401(k) Profit Sharing Plan
  • BOY ind #4100

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Food Services & Accommodation retirement plans → · Plans in Maryland →

Phillips Foods, Inc. 401(k) Profit Sharing Plan in the asset neighbourhood

Phillips Foods, Inc. 401(k) Profit Sharing PlanPhillips Foods, Inc. 401(k) …$10MEk Health Services, Inc. 401(k) Profit Sharing PlanEk Health Services, Inc. 401…$10MGoodwill Industries of the Southern Piedmont, Inc. Retirement PlanGoodwill Industries of the S…$10MWapsie Valley Creamery, Inc. Profit Sharing Plan and TrustWapsie Valley Creamery, Inc.…$10MJdm Technology Group 401(k) PlanJdm Technology Group 401(k) …$10M
End-of-year total assets ($M) among Phillips Foods, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Maryland filing particulars

Total Assets (Beginning of Year)$12M
Net Assets (End of Year)$10M
Net Income-$2M
Employer EIN521624247
Plan Effective Date2007-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Phillips Foods, Inc.)

Sponsor-wide plan assets over time

All Phillips Foods, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$12M 18.18572206585402% vs 2022
2024 filing year
$9M$10M$11M$12M 202220232024 $9.87M $11.7M ▲ +18.2%
Year Plans Participants Total Assets
2022 1 117 $10M
2023 1 116 $10M
2024 1 129 $12M

Nearby 401(k) Plans in Maryland

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Phillips Foods, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -1001020304050 Total assets ($B) Participants Phillips Foods, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.009871288 · Participants: 117Phillips Foods, Inc. 401(k) Profit Sharing PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 43.624690273 · Participants: 87666Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 8.25929933 · Participants: 82576Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 3.651080244 · Participants: 6107T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.260404321 · Participants: 2819Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 1.938654635 · Participants: 74729Sodexo 401 (K) Employees' Retirement Savings Plan and Trust
Phillips Foods, Inc. 401(k) Profit Sharing Plan vs. nearby 401(k) plans in Maryland, assets vs. participants
Compare Phillips Foods, Inc. 401(k) Profit Sharing Plan side-by-side with 3 peers →

Phillips Foods, Inc. 401(k) Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Maryland, the nearest 401(k) by assets is Ek Health Services, Inc. 401(k) Profit Sharing Plan in CA ($10M); by covered participants it is The Kansas City Landsman, L.L.C. Retirement Plan in GA (117 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (117 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Phillips Foods, Inc. 401(k) Profit Sharing Plan assets move in 2022? ▼
Phillips Foods, Inc. 401(k) Profit Sharing Plan declined sharply - down 19.3% during 2022, from $12M to $10M. Reported net income was -$2M.
How have Phillips Foods, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Phillips Foods, Inc.'s sponsor-wide assets grew 18.2%, from $10M to $12M.
Which 401(k) plans are similar in size to Phillips Foods, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by assets is Ek Health Services, Inc. 401(k) Profit Sharing Plan in CA ($10M, 337 participants).
Which 401(k) plans cover a similar participant headcount to Phillips Foods, Inc. 401(k) Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is The Kansas City Landsman, L.L.C. Retirement Plan in GA (117 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 521624247.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.