Plan Snapshot
- Plan Sponsor: Richard E. Pierson Construction Co. INC.
- Sponsor EIN: 222269412
- Sponsor Address: 426 SWEDESBORO ROAD, PILESGROVE, NJ, 08098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 258
- Total Assets: $678,654
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 | 258 | $678,654 | $3.4M | $609,636 |
| 2023 | 224 | $421,777 | $2.6M | $238,232 |
| 2022 | 204 | $202,269 | $2.0M | $186,420 |
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 |
|---|---|---|---|---|
| TRION GROUP (MARSH & MCLENNAN) | Investment Advisor | $108,113 | — | $108,113 |
| AETNA | Other Service Provider | $93,303 | — | $93,303 |
| THE BENECON GROUP, LLC | Investment Advisor | $41,706 | — | $41,706 |
| CONNECTCARE 3 | Other Service Provider | $13,448 | — | $13,448 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $256,570
- Estimated Expense Ratio: 37.806% 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 | $1,009,347 | $55,154 | $201,415 | — | — |
| 2023 | $812,793 | $45,663 | $202,710 | — | — |
| 2022 | $680,620 | $42,344 | $166,960 | — | — |