Plan Snapshot
- Plan Sponsor: Hansen Properties, INC.
- Sponsor EIN: 232707267
- Sponsor Address: 1401 MORRIS ROAD, BLUE BELL, PA, 19422
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 102
- Total Assets: $108,479
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 | 102 | $108,479 | $0 | $0 |
| 2024 | 98 | $230,831 | $1.2M | $44,640 |
| 2023 | 97 | $225,202 | $907,618 | $390,420 |
| 2022 | 108 | $41,263 | $635,513 | $333,316 |
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 |
|---|---|---|---|---|
| PATRIOT (THE SAFEGARD GROUP, INC.) | Investment Advisor | $50,736 | — | $50,736 |
| THE BENECON GROUP | Investment Advisor | $30,554 | — | $30,554 |
| INDEPENDENCE ADMINISTRATORS | Other Service Provider | $26,551 | — | $26,551 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $107,841
- Estimated Expense Ratio: 99.412% 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 | $1,595,516 | — | — | — | — |
| 2024 | $1,239,818 | — | — | — | — |
| 2023 | $1,141,076 | — | — | — | — |
| 2022 | $718,179 | — | — | — | — |