Plan Snapshot
- Plan Sponsor: Hensel Phelps Construction Co
- Sponsor EIN: 840876644
- Sponsor Address: 420 6TH AVE, GREELEY, CO, 806312332
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 4,395
- Total Assets: $9.8M
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. |
|---|---|---|---|---|
| 2024 | 4,395 | $9.8M | $59.2M | $3.3M |
| 2023 | 3,132 | $4.1M | $50.5M | $2.0M |
| 2022 | 2,983 | $3.8M | $42.9M | $1.8M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COM | Other Service Provider | $3,081,351 | — | $3,081,351 |
| BOON ADMINISRATION SERVICES, INC. | Other Service Provider | $402,000 | — | $402,000 |
| EXPRESS SCRIPTS | Other Service Provider | $364,181 | — | $364,181 |
| FLOOD & PETERSON BENEFITS LLC | Other Service Provider | $70,020 | — | $70,020 |
| WITHUMSMITH+BROWN, PC | Auditor | $36,920 | — | $36,920 |
| COMERICA BANK | Other Service Provider | $6,000 | — | $6,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WITHUMSMITH+BROWN, PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,960,472
- Estimated Expense Ratio: 40.603% 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 |
|---|---|---|---|---|---|
| 2024 | $4,900,875 | — | $4,884,884 | — | — |
| 2023 | $2,132,749 | — | $1,693,749 | $31,000 | — |
| 2022 | $2,161,899 | — | $1,730,621 | — | — |