401(k) · DOL Form 5500 · 2023

Phillips Foods, Inc. 401(k) Plan

Data updated 2026-08-25

$10M
Total assets Small plan by assets
116
Participants Small participant base
59th
Percentile by assets National rank
$87,211
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, 116 participants

Phillips Foods, Inc.'s Phillips Foods, Inc. 401(k) Profit Sharing Plan reported $10M in total assets and 116 participants in its 2023 DOL Form 5500 filing, ranking in the 59th 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.

  • #3,308 in Food Services & Accommodation (3,828 peers)

Coverage in Maryland

Phillips Foods, Inc. 401(k) Profit Sharing Plan covers 116 participants in Maryland, about 12% of the average Maryland filer (state average ~929 per filing). Assets: $10M.

#3,308
in Food Services & Accommodation (3,828 peers)
+2.5%
assets growth YoY

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 2023 · DOL Form 5500

$10,116,529 Top 41% higher than 59% of 127,068 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 2023

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

Plan-year 2023 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 (116 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Phillips Foods, Inc. 401(k) Profit Sharing Plan reported net income rose from -$2M in the plan year 2022 filing to $245K in the plan year 2023 filing.
  • Phillips Foods, Inc. 401(k) Profit Sharing Plan end-of-year assets rose from $10M in the plan year 2022 filing to $10M in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 521624247 · Phillips Foods, Inc. PY 2023 · 401(k)

Phillips Foods, Inc. 401(k) Profit Sharing Plan · $10M · 116 · 59th

  • BOOK $10M
  • BOOK 116
  • BOOK 59th
  • BOOK 401(k)
  • BOOK near Esi 401(k) Plan
  • BOOK ind #3308

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) …$10MEsi 401(k) Plan$10MVeritas Investments 401(k) PlanVeritas Investments 401(k) P…$10MMaine Course Hospitality Group 401(k) PlanMaine Course Hospitality Gro…$10MMerlin International, Inc. 401(k) PlanMerlin International, Inc. 4…$10M
End-of-year total assets ($M) among Phillips Foods, Inc. 401(k) Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$10M
Net Assets (End of Year)$10M
Net Income$245K
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. -50000050000100000150000 -200204060 Total assets ($B) Participants Phillips Foods, Inc. 401(k) Profit Sharing Plan, Total assets ($B): 0.010116529 · Participants: 116Phillips Foods, Inc. 401(k) Profit Sharing PlanLockheed Martin Corporation Salaried Savings Plan, Total assets ($B): 47.273019756 · Participants: 91511Lockheed Martin Corporation Salaried Savings PlanMarriott Retirement Savings Plan, Total assets ($B): 10.20606962 · Participants: 96415Marriott Retirement Savings PlanT. Rowe Price U.S. Retirement Program, Total assets ($B): 4.357344903 · Participants: 6292T. Rowe Price U.S. Retirement ProgramNfl Player Second Career Savings Plan, Total assets ($B): 3.951576315 · Participants: 2767Nfl Player Second Career Savings PlanSodexo 401 (K) Employees' Retirement Savings Plan and Trust, Total assets ($B): 2.217483854 · Participants: 80121Sodexo 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 Esi 401(k) Plan in TX ($10M); by covered participants it is Commonwealth Electrical Technologies, Inc. 401(k) Plan in MA (116 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($10M here).

Similar participant headcount

Nearest other-state filings by covered participants (116 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Phillips Foods, Inc. 401(k) Profit Sharing Plan edged up modestly - up 2.5% during 2023, from $10M to $10M. Reported net income was $245K.
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 Esi 401(k) Plan in TX ($10M, 86 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 Commonwealth Electrical Technologies, Inc. 401(k) Plan in MA (116 participants, N/A in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.