401k Plan data: PHI GROUP, INC. 401(K) RETIREMENT PLAN plan

PHI GROUP, INC. 401(K) RETIREMENT PLAN 401k Plan overview

Plan Name	PHI GROUP, INC. 401(K) RETIREMENT PLAN
Plan identification number	002

PHI GROUP, INC. 401(K) RETIREMENT PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

PHI GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name: PHI GROUP, INC.

Employer identification number (EIN): 842513763

NAIC Classification: 481000
NAIC Description: Air Transportation

Form 5500 Filing Information

Submission information for form 5500 for 401k plan PHI GROUP, INC. 401(K) RETIREMENT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2022-01-01
002 2021-01-01
002 2020-01-01
002 2019-01-01

Plan Statistics for PHI GROUP, INC. 401(K) RETIREMENT PLAN

401k plan membership statisitcs for PHI GROUP, INC. 401(K) RETIREMENT PLAN

Measure Date Value
2022: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year 2022-01-01 2,627
Total number of active participants reported on line 7a of the Form 5500 2022-01-01 1,986
Number of retired or separated participants receiving benefits 2022-01-01 32
Number of other retired or separated participants entitled to future benefits 2022-01-01 688
Total of all active and inactive participants 2022-01-01 2,706
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2022-01-01 0
Total participants 2022-01-01 2,706
Number of participants with account balances 2022-01-01 2,605
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2022-01-01 307
2021: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year 2021-01-01 2,554
Total number of active participants reported on line 7a of the Form 5500 2021-01-01 1,940
Number of retired or separated participants receiving benefits 2021-01-01 17
Number of other retired or separated participants entitled to future benefits 2021-01-01 666
Total of all active and inactive participants 2021-01-01 2,623
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2021-01-01 4
Total participants 2021-01-01 2,627
Number of participants with account balances 2021-01-01 2,514
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2021-01-01 174
2020: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year 2020-01-01 2,739
Total number of active participants reported on line 7a of the Form 5500 2020-01-01 1,906
Number of retired or separated participants receiving benefits 2020-01-01 8
Number of other retired or separated participants entitled to future benefits 2020-01-01 605
Total of all active and inactive participants 2020-01-01 2,519
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2020-01-01 5
Total participants 2020-01-01 2,524
Number of participants with account balances 2020-01-01 2,406
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2020-01-01 125
2019: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year 2019-01-01 2,773
Total number of active participants reported on line 7a of the Form 5500 2019-01-01 2,125
Number of retired or separated participants receiving benefits 2019-01-01 20
Number of other retired or separated participants entitled to future benefits 2019-01-01 578
Total of all active and inactive participants 2019-01-01 2,723
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2019-01-01 4
Total participants 2019-01-01 2,727
Number of participants with account balances 2019-01-01 2,644
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2019-01-01 187

Measure	Date	Value
2022: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2022 401k membership
Total participants, beginning-of-year	2022-01-01	2,627
Total number of active participants reported on line 7a of the Form 5500	2022-01-01	1,986
Number of retired or separated participants receiving benefits	2022-01-01	32
Number of other retired or separated participants entitled to future benefits	2022-01-01	688
Total of all active and inactive participants	2022-01-01	2,706
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2022-01-01	0
Total participants	2022-01-01	2,706
Number of participants with account balances	2022-01-01	2,605
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2022-01-01	307
2021: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2021 401k membership
Total participants, beginning-of-year	2021-01-01	2,554
Total number of active participants reported on line 7a of the Form 5500	2021-01-01	1,940
Number of retired or separated participants receiving benefits	2021-01-01	17
Number of other retired or separated participants entitled to future benefits	2021-01-01	666
Total of all active and inactive participants	2021-01-01	2,623
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2021-01-01	4
Total participants	2021-01-01	2,627
Number of participants with account balances	2021-01-01	2,514
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2021-01-01	174
2020: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2020 401k membership
Total participants, beginning-of-year	2020-01-01	2,739
Total number of active participants reported on line 7a of the Form 5500	2020-01-01	1,906
Number of retired or separated participants receiving benefits	2020-01-01	8
Number of other retired or separated participants entitled to future benefits	2020-01-01	605
Total of all active and inactive participants	2020-01-01	2,519
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2020-01-01	5
Total participants	2020-01-01	2,524
Number of participants with account balances	2020-01-01	2,406
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2020-01-01	125
2019: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2019 401k membership
Total participants, beginning-of-year	2019-01-01	2,773
Total number of active participants reported on line 7a of the Form 5500	2019-01-01	2,125
Number of retired or separated participants receiving benefits	2019-01-01	20
Number of other retired or separated participants entitled to future benefits	2019-01-01	578
Total of all active and inactive participants	2019-01-01	2,723
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2019-01-01	4
Total participants	2019-01-01	2,727
Number of participants with account balances	2019-01-01	2,644
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2019-01-01	187

Financial Data on PHI GROUP, INC. 401(K) RETIREMENT PLAN

Measure	Date	Value
2022 : PHI GROUP, INC. 401(K) RETIREMENT PLAN 2022 401k financial data
Unrealized appreciation/depreciation of real estate assets	2022-12-31	$0
Unrealized appreciation/depreciation of other (non real estate) assets	2022-12-31	$0
Total unrealized appreciation/depreciation of assets	2022-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2022-12-31	$0
Expenses. Interest paid	2022-12-31	$0
Amount of participant contributions which was failed to transmit to the plan within the time period described in 29 CFR 251.3-102	2022-12-31	$0
Total income from all sources (including contributions)	2022-12-31	$-47,970,374
Total loss/gain on sale of assets	2022-12-31	$0
Total of all expenses incurred	2022-12-31	$46,848,060
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2022-12-31	$46,402,347
Expenses. Certain deemed distributions of participant loans	2022-12-31	$138,945
Value of total corrective distributions	2022-12-31	$4,313
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2022-12-31	$26,567,211
Value of total assets at end of year	2022-12-31	$357,278,994
Value of total assets at beginning of year	2022-12-31	$452,097,428
Total of administrative expenses incurred including professional, contract, advisory and management fees	2022-12-31	$302,455
Total income from rents	2022-12-31	$0
Total interest from all sources	2022-12-31	$245,506
Total dividends received (eg from common stock, registered investment company shares)	2022-12-31	$25,536,553
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2022-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2022-12-31	$25,536,553
Assets. Real estate other than employer real property at end of year	2022-12-31	$0
Assets. Real estate other than employer real property at beginning of year	2022-12-31	$0
Administrative expenses professional fees incurred	2022-12-31	$39,589
Assets. Corporate prefeered stocks other than exployer securities at end of year	2022-12-31	$0
Assets. Corporate prefeered stocks other than exployer securities at beginning of year	2022-12-31	$0
Was this plan covered by a fidelity bond	2022-12-31	Yes
Value of fidelity bond cover	2022-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2022-12-31	Yes
Were there any nonexempt tranactions with any party-in-interest	2022-12-31	No
Contributions received from participants	2022-12-31	$16,645,211
Participant contributions at end of year	2022-12-31	$3,909,863
Participant contributions at beginning of year	2022-12-31	$4,808,580
Participant contributions at end of year	2022-12-31	$0
Participant contributions at beginning of year	2022-12-31	$0
Assets. Other investments not covered elsewhere at end of year	2022-12-31	$16,445,441
Assets. Other investments not covered elsewhere at beginning of year	2022-12-31	$21,010,201
Income. Received or receivable in cash from other sources (including rollovers)	2022-12-31	$2,559,901
Expenses. Other payments made (not to insurance carriers or or participants/beneficiaries)	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at end of year	2022-12-31	$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2022-12-31	$0
Assets. Loans (other than to participants) at end of year	2022-12-31	$0
Assets. Loans (other than to participants) at beginning of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2022-12-31	$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2022-12-31	$0
Other income not declared elsewhere	2022-12-31	$-4,102,631
Administrative expenses (other) incurred	2022-12-31	$0
Total non interest bearing cash at end of year	2022-12-31	$0
Total non interest bearing cash at beginning of year	2022-12-31	$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Income. Non cash contributions	2022-12-31	$0
Value of net income/loss	2022-12-31	$-94,818,434
Value of net assets at end of year (total assets less liabilities)	2022-12-31	$357,278,994
Value of net assets at beginning of year (total assets less liabilities)	2022-12-31	$452,097,428
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2022-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2022-12-31	No
Were any leases to which the plan was party in default or uncollectible	2022-12-31	No
Assets. partnership/joint venture interests at end of year	2022-12-31	$0
Assets. partnership/joint venture interests at beginning of year	2022-12-31	$0
Investment advisory and management fees	2022-12-31	$153,663
Value of interest in registered invesment companies (eg mutual funds) at end of year	2022-12-31	$336,923,690
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2022-12-31	$426,278,647
Interest on participant loans	2022-12-31	$245,506
Income. Interest from loans (other than to participants)	2022-12-31	$0
Interest earned on other investments	2022-12-31	$0
Income. Interest from US Government securities	2022-12-31	$0
Income. Interest from corporate debt instruments	2022-12-31	$0
Value of interest in master investment trust accounts at end of year	2022-12-31	$0
Value of interest in master investment trust accounts at beginning of year	2022-12-31	$0
Value of interest in common/collective trusts at end of year	2022-12-31	$0
Value of interest in common/collective trusts at beginning of year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2022-12-31	$0
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2022-12-31	$0
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2022-12-31	$0
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2022-12-31	$0
Assets. Value of investments in 103.12 investment entities at end of year	2022-12-31	$0
Assets. Value of investments in 103.12 investment entities at beginning of year	2022-12-31	$0
Expenses. Payments to insurance carriers foe the provision of benefits	2022-12-31	$0
Asset value of US Government securities at end of year	2022-12-31	$0
Asset value of US Government securities at beginning of year	2022-12-31	$0
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2022-12-31	$-96,217,013
Net investment gain/loss from pooled separate accounts	2022-12-31	$0
Net investment gain or loss from common/collective trusts	2022-12-31	$0
Net gain/loss from 103.12 investment entities	2022-12-31	$0
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2022-12-31	No
Was there a failure to transmit to the plan any participant contributions	2022-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2022-12-31	No
Assets. Invements in employer securities at end of year	2022-12-31	$0
Assets. Invements in employer securities at beginning of year	2022-12-31	$0
Assets. Value of employer real property at end of year	2022-12-31	$0
Assets. Value of employer real property at beginning of year	2022-12-31	$0
Contributions received in cash from employer	2022-12-31	$7,362,099
Employer contributions (assets) at end of year	2022-12-31	$0
Employer contributions (assets) at beginning of year	2022-12-31	$0
Income. Dividends from preferred stock	2022-12-31	$0
Income. Dividends from common stock	2022-12-31	$0
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2022-12-31	$46,402,347
Asset. Corporate debt instrument preferred debt at end of year	2022-12-31	$0
Asset. Corporate debt instrument preferred debt at beginning of year	2022-12-31	$0
Asset. Corporate debt instrument debt (other) at end of year	2022-12-31	$0
Asset. Corporate debt instrument debt (other) at beginning of year	2022-12-31	$0
Contract administrator fees	2022-12-31	$109,203
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2022-12-31	Yes
Assets. Corporate common stocks other than exployer securities at end of year	2022-12-31	$0
Assets. Corporate common stocks other than exployer securities at beginning of year	2022-12-31	$0
Liabilities. Value of benefit claims payable at end of year	2022-12-31	$0
Liabilities. Value of benefit claims payable at beginning of year	2022-12-31	$0
Assets. Value of buildings and other operty used in plan operation at end of year	2022-12-31	$0
Assets. Value of buildings and other operty used in plan operation at beginning of year	2022-12-31	$0
Did the plan have assets held for investment	2022-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2022-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2022-12-31	No
Aggregate proceeds on sale of assets	2022-12-31	$0
Aggregate carrying amount (costs) on sale of assets	2022-12-31	$0
Liabilities. Value of acquisition indebtedness at end of year	2022-12-31	$0
Liabilities. Value of acquisition indebtedness at beginning of year	2022-12-31	$0
Opinion of an independent qualified public accountant for this plan	2022-12-31	Unqualified
Accountancy firm name	2022-12-31	EISNERAMPER LLP
Accountancy firm EIN	2022-12-31	871363769
2021 : PHI GROUP, INC. 401(K) RETIREMENT PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets	2021-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2021-12-31	$0
Total income from all sources (including contributions)	2021-12-31	$77,862,769
Total loss/gain on sale of assets	2021-12-31	$0
Total of all expenses incurred	2021-12-31	$58,397,470
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2021-12-31	$58,056,411
Expenses. Certain deemed distributions of participant loans	2021-12-31	$78,052
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2021-12-31	$21,611,149
Value of total assets at end of year	2021-12-31	$452,097,428
Value of total assets at beginning of year	2021-12-31	$432,632,129
Total of administrative expenses incurred including professional, contract, advisory and management fees	2021-12-31	$263,007
Total interest from all sources	2021-12-31	$308,836
Total dividends received (eg from common stock, registered investment company shares)	2021-12-31	$39,664,315
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2021-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2021-12-31	$39,664,315
Administrative expenses professional fees incurred	2021-12-31	$47,762
Was this plan covered by a fidelity bond	2021-12-31	Yes
Value of fidelity bond cover	2021-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2021-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2021-12-31	No
Contributions received from participants	2021-12-31	$15,724,041
Participant contributions at end of year	2021-12-31	$4,808,580
Participant contributions at beginning of year	2021-12-31	$5,337,098
Assets. Other investments not covered elsewhere at end of year	2021-12-31	$21,010,201
Assets. Other investments not covered elsewhere at beginning of year	2021-12-31	$19,670,114
Income. Received or receivable in cash from other sources (including rollovers)	2021-12-31	$2,611,786
Other income not declared elsewhere	2021-12-31	$3,126,729
Administrative expenses (other) incurred	2021-12-31	$3,275
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Value of net income/loss	2021-12-31	$19,465,299
Value of net assets at end of year (total assets less liabilities)	2021-12-31	$452,097,428
Value of net assets at beginning of year (total assets less liabilities)	2021-12-31	$432,632,129
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2021-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2021-12-31	No
Were any leases to which the plan was party in default or uncollectible	2021-12-31	No
Investment advisory and management fees	2021-12-31	$173,581
Value of interest in registered invesment companies (eg mutual funds) at end of year	2021-12-31	$426,278,647
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2021-12-31	$407,624,917
Interest on participant loans	2021-12-31	$308,836
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2021-12-31	$13,151,740
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2021-12-31	No
Was there a failure to transmit to the plan any participant contributions	2021-12-31	No
Has the plan failed to provide any benefit when due under the plan	2021-12-31	No
Contributions received in cash from employer	2021-12-31	$3,275,322
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2021-12-31	$58,056,411
Contract administrator fees	2021-12-31	$38,389
Did the plan have assets held for investment	2021-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2021-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2021-12-31	No
Opinion of an independent qualified public accountant for this plan	2021-12-31	Unqualified
Accountancy firm name	2021-12-31	POSTLETHWAITE & NETTERVILLE
Accountancy firm EIN	2021-12-31	721202445
2020 : PHI GROUP, INC. 401(K) RETIREMENT PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets	2020-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2020-12-31	$0
Total income from all sources (including contributions)	2020-12-31	$85,561,426
Total loss/gain on sale of assets	2020-12-31	$0
Total of all expenses incurred	2020-12-31	$76,765,941
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2020-12-31	$76,383,815
Expenses. Certain deemed distributions of participant loans	2020-12-31	$4,036
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2020-12-31	$20,485,324
Value of total assets at end of year	2020-12-31	$432,632,129
Value of total assets at beginning of year	2020-12-31	$423,836,644
Total of administrative expenses incurred including professional, contract, advisory and management fees	2020-12-31	$378,090
Total interest from all sources	2020-12-31	$355,662
Total dividends received (eg from common stock, registered investment company shares)	2020-12-31	$19,462,688
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2020-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2020-12-31	$19,462,688
Administrative expenses professional fees incurred	2020-12-31	$44,306
Was this plan covered by a fidelity bond	2020-12-31	Yes
Value of fidelity bond cover	2020-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2020-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2020-12-31	No
Contributions received from participants	2020-12-31	$15,912,733
Participant contributions at end of year	2020-12-31	$5,337,098
Participant contributions at beginning of year	2020-12-31	$5,831,159
Assets. Other investments not covered elsewhere at end of year	2020-12-31	$19,670,114
Assets. Other investments not covered elsewhere at beginning of year	2020-12-31	$17,120,195
Income. Received or receivable in cash from other sources (including rollovers)	2020-12-31	$1,559,849
Other income not declared elsewhere	2020-12-31	$4,703,299
Administrative expenses (other) incurred	2020-12-31	$1,144
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Value of net income/loss	2020-12-31	$8,795,485
Value of net assets at end of year (total assets less liabilities)	2020-12-31	$432,632,129
Value of net assets at beginning of year (total assets less liabilities)	2020-12-31	$423,836,644
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2020-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2020-12-31	No
Were any leases to which the plan was party in default or uncollectible	2020-12-31	No
Investment advisory and management fees	2020-12-31	$297,622
Value of interest in registered invesment companies (eg mutual funds) at end of year	2020-12-31	$407,624,917
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2020-12-31	$392,121,745
Interest on participant loans	2020-12-31	$355,662
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2020-12-31	$8,763,545
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2020-12-31	$8,763,545
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2020-12-31	$40,554,453
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2020-12-31	No
Was there a failure to transmit to the plan any participant contributions	2020-12-31	No
Has the plan failed to provide any benefit when due under the plan	2020-12-31	No
Contributions received in cash from employer	2020-12-31	$3,012,742
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2020-12-31	$76,383,815
Contract administrator fees	2020-12-31	$35,018
Did the plan have assets held for investment	2020-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2020-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2020-12-31	No
Opinion of an independent qualified public accountant for this plan	2020-12-31	Disclaimer
Accountancy firm name	2020-12-31	POSTLETHWAITE & NETTERVILLE
Accountancy firm EIN	2020-12-31	721202445
2019 : PHI GROUP, INC. 401(K) RETIREMENT PLAN 2019 401k financial data
Total unrealized appreciation/depreciation of assets	2019-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2019-12-31	$0
Total income from all sources (including contributions)	2019-12-31	$115,857,335
Total loss/gain on sale of assets	2019-12-31	$0
Total of all expenses incurred	2019-12-31	$46,649,517
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2019-12-31	$46,156,583
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2019-12-31	$29,587,123
Value of total assets at end of year	2019-12-31	$423,836,644
Value of total assets at beginning of year	2019-12-31	$354,628,826
Total of administrative expenses incurred including professional, contract, advisory and management fees	2019-12-31	$492,934
Total interest from all sources	2019-12-31	$364,411
Total dividends received (eg from common stock, registered investment company shares)	2019-12-31	$19,612,607
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2019-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2019-12-31	$19,612,607
Administrative expenses professional fees incurred	2019-12-31	$63,352
Was this plan covered by a fidelity bond	2019-12-31	Yes
Value of fidelity bond cover	2019-12-31	$15,000,000
If this is an individual account plan, was there a blackout period	2019-12-31	No
Were there any nonexempt tranactions with any party-in-interest	2019-12-31	No
Contributions received from participants	2019-12-31	$17,992,851
Participant contributions at end of year	2019-12-31	$5,831,159
Participant contributions at beginning of year	2019-12-31	$5,744,161
Assets. Other investments not covered elsewhere at end of year	2019-12-31	$17,120,195
Assets. Other investments not covered elsewhere at beginning of year	2019-12-31	$15,566,842
Income. Received or receivable in cash from other sources (including rollovers)	2019-12-31	$1,662,774
Other income not declared elsewhere	2019-12-31	$2,892,811
Administrative expenses (other) incurred	2019-12-31	$2,558
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Value of net income/loss	2019-12-31	$69,207,818
Value of net assets at end of year (total assets less liabilities)	2019-12-31	$423,836,644
Value of net assets at beginning of year (total assets less liabilities)	2019-12-31	$354,628,826
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2019-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2019-12-31	No
Were any leases to which the plan was party in default or uncollectible	2019-12-31	No
Investment advisory and management fees	2019-12-31	$381,415
Value of interest in registered invesment companies (eg mutual funds) at end of year	2019-12-31	$392,121,745
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2019-12-31	$323,272,813
Interest on participant loans	2019-12-31	$364,411
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2019-12-31	$8,763,545
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2019-12-31	$10,045,010
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2019-12-31	$10,045,010
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2019-12-31	$63,400,383
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2019-12-31	No
Was there a failure to transmit to the plan any participant contributions	2019-12-31	No
Has the plan failed to provide any benefit when due under the plan	2019-12-31	No
Contributions received in cash from employer	2019-12-31	$9,931,498
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2019-12-31	$46,156,583
Contract administrator fees	2019-12-31	$45,609
Did the plan have assets held for investment	2019-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2019-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2019-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2019-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2019-12-31	Disclaimer
Accountancy firm name	2019-12-31	DELOITTE & TOUCHE LLP
Accountancy firm EIN	2019-12-31	133891517

Form 5500 Responses for PHI GROUP, INC. 401(K) RETIREMENT PLAN

2022: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2022 form 5500 responses
2022-01-01	Type of plan entity	Single employer plan
2022-01-01	Submission has been amended	No
2022-01-01	This submission is the final filing	No
2022-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2022-01-01	Plan is a collectively bargained plan	No
2022-01-01	Plan funding arrangement – Trust	Yes
2022-01-01	Plan benefit arrangement - Trust	Yes
2021: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2021 form 5500 responses
2021-01-01	Type of plan entity	Single employer plan
2021-01-01	Submission has been amended	No
2021-01-01	This submission is the final filing	No
2021-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2021-01-01	Plan is a collectively bargained plan	No
2021-01-01	Plan funding arrangement – Trust	Yes
2021-01-01	Plan benefit arrangement - Trust	Yes
2020: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2020 form 5500 responses
2020-01-01	Type of plan entity	Single employer plan
2020-01-01	Submission has been amended	No
2020-01-01	This submission is the final filing	No
2020-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2020-01-01	Plan is a collectively bargained plan	No
2020-01-01	Plan funding arrangement – Trust	Yes
2020-01-01	Plan benefit arrangement - Trust	Yes
2019: PHI GROUP, INC. 401(K) RETIREMENT PLAN 2019 form 5500 responses
2019-01-01	Type of plan entity	Single employer plan
2019-01-01	Submission has been amended	No
2019-01-01	This submission is the final filing	No
2019-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2019-01-01	Plan is a collectively bargained plan	No
2019-01-01	Plan funding arrangement – Trust	Yes
2019-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	PHI GROUP, INC.
Employer identification number (EIN):	842513763
NAIC Classification:	481000
NAIC Description:	Air Transportation