Profit Sharing · DOL Form 5500 · 2022

Phillips Law Partners, LLP Profit Sharing Plan

Data updated 2026-08-11

$7M
Total assets
8
Participants
57th
Percentile by assets
$873,135
Avg per participant
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Official DOL plan name: Phillips Law Partners, LLP Profit Sharing Plan · Sponsored by Phillips Law Partners, LLP · California · Professional & Technical Services

$7M in assets, 8 participants

Phillips Law Partners, LLP's Phillips Law Partners, LLP Profit Sharing Plan reported $7M in total assets and 8 participants in its 2022 DOL Form 5500 filing, ranking in the 57th 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.

  • 57th percentile by assets (of 139,126 plans)
  • #12,006 in Professional & Technical Services (21,562 peers)

Phillips Law Partners, LLP multi-year trail

Phillips Law Partners, LLP's plans moved +22.7% in assets from 2022 to 2024; this filing shows Phillips Law Partners, LLP Profit Sharing Plan at $7M / 8 participants.

$7M
total plan assets (2022 EOY)
8
covered participants
57th
percentile by assets (of 139,126 plans)
$873,135
avg assets per participant

The plan reported a net loss of $693K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Phillips Law Partners, LLP across 3 plan years on file

Across the 3 plan years Phillips Law Partners, LLP has on file (2022-2024), sponsor-wide plan assets have moved from $7M to $9M, a gain of 22.7%, while reported participants moved from 8 to 7 (-12.5%). Peak year by sponsor assets: 2024 ($9M); trough: 2022 ($7M).

Phillips Law Partners, LLP multi-year asset trail

$6.5M$7M$7.5M$8M$8.5M$9M 202220232024 $6.99M $8.57M â–˛ +22.6%
Total plan assets by year, all Phillips Law Partners, LLP plans on file
Year Plans Participants Total Assets
2022 1 8 $7M
2023 1 7 $8M
2024 1 7 $9M

Phillips Law Partners, LLP filing trail (2022)

Total Assets (Beginning of Year)$8M
Net Assets (End of Year)$7M
Net Income-$693K
Employer EIN273707378
Plan Effective Date1981-04-01
Filing StatusFILING RECEIVED

Nearby Profit Sharing Plans in California

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Phillips Law Partners, LLP Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants

Phillips Law Partners, LLP Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -202468 Total assets ($B) Participants Phillips Law Partner…Intel Retirement Con…Scpmg Keogh PlanMotion Picture Indus…Memorialcare Retirem…Cedars-Sinai Health …
Phillips Law Partners, LLP Profit Sharing Plan vs. nearby Profit Sharing plans in California, assets vs. participants

Similar-Sized Profit Sharing Plans Nationally

Profit Sharing plans in other states closest to Phillips Law Partners, LLP Profit Sharing Plan by total assets, not by location.

Frequently Asked Questions

How did Phillips Law Partners, LLP Profit Sharing Plan assets move in 2022?
Phillips Law Partners, LLP Profit Sharing Plan pulled back noticeably - down 9.0% during 2022, from $8M to $7M. Reported net income was -$693K.
How have Phillips Law Partners, LLP plan assets changed over time?
Across 3 plan years on file (2022-2024), Phillips Law Partners, LLP's sponsor-wide assets grew 22.7%, from $7M to $9M.
Which Profit Sharing plans are similar in size to Phillips Law Partners, LLP Profit Sharing Plan?
Among Profit Sharing plans in other states, the closest by assets is Lexington Christian Academy, Inc. 403(b) Retirement Savings Plan in KY ($7M, 287 participants).

Multi-year trail

Ways to act on Phillips Law Partners, LLP Profit Sharing Plan's numbers.