# Hensel Phelps Construction Co Health & Welfare Plan
Source: https://planprovider.pro/companies/hensel-phelps-construction-co-840876644-501

> Hensel Phelps Construction Co's Health & Welfare plan: 4,395 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/withumsmithbrown-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|—|—|

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