# Richard E. Pierson Construction Co. INC. Health & Welfare Plan
Source: https://planprovider.pro/companies/richard-e-pierson-construction-co-inc-222269412-501

> Richard E. Pierson Construction Co. INC.'s Health & Welfare plan: 258 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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