# Hanover Engineering Associates, INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/hanover-engineering-associates-inc-231724466-501

> Hanover Engineering Associates, INC.'s Health & Welfare plan: 56 participants, plan year 2025 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2025.

## Plan Snapshot

- **Plan Sponsor:** Hanover Engineering Associates, INC.

- **Sponsor EIN:** 231724466

- **Sponsor Address:** 252 BRODHEAD ROAD, BETHLEHEM, PA, 180178944

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 56

- **Total Assets:** $10,293

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2025|56|$10,293|$0|$0|

| 2024|55|$3,786|$479,045|$356,546|

| 2023|40|$15,050|$419,443|$325,673|

| 2022|52|$164,360|$377,561|$319,104|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| THE BENECON GROUP, LLC|Investment Advisor|$45,299|—|$45,299|

| BSI CORPORATE BENEFITS, LLC|Investment Advisor|$25,126|—|$25,126|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $70,425

- **Estimated Expense Ratio:** 684.203% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2025|$971,485|—|—|—|—|

| 2024|$880,818|—|—|—|—|

| 2023|$896,329|—|—|—|—|

| 2022|$553,255|—|—|—|—|

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