Retirement plan

HENSEL PHELPS HOURLY RETIREMENT PLAN

Name: HENSEL PHELPS - HENSEL PHELPS HOURLY RETIREMENT PLAN (2023) Form 5500
Creator: HENSEL PHELPS
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENSEL PHELPS HOURLY RETIREMENT PLAN, HENSEL PHELPS

HENSEL PHELPSEIN 84-0876644Plan #070PY 2023

420 SIXTH AVENUE - GREELEY, CO 80631970-352-6565

Other plans on this EIN

2 filings

#060Retirement-$539.8M assets #005Retirement--

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$58.7M

-2.9% from 2016

Total participants

995

-4.8% from 2016

Average account balance

$58,955

+2.0% from 2016

Annual return

51.12%

+0.08 pp from 2016

Benchmarks

See 1,502 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,502 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$59.83M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$65K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

920

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

45.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$6.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+0.44%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$67

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 13 · EIN 06-1050034	Contract Administrator	$28,628
KESTRA INVESTMENT SERVICES LLC4 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 49 · EIN 35-2552359	Other Services	$9,360

Plan features & details

Pension benefit codes2E2G2K2F2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$38K

$58 / participant

Contract admin$29K74.8%
Other / not subdivided$10K25.2%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: K FINANCIAL INC.
Auditor EIN: 760726945
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$58,955

$93,010-36.6%

$96,543-38.9%

$74,478-20.8%

Participation rate

100.0%

71.6%+28.4pp

74.3%+25.7pp

70.7%+29.3pp

Annual return

51.12%

37.50%+13.6pp

35.75%+15.4pp

34.37%+16.8pp

Employer contribution / active EE

$4,671

$3,427+36.3%

$3,741+24.9%

$2,637+77.1%

Participant deferral / active EE

$701

$3,971-82.3%

$4,880-85.6%

$4,530-84.5%

Admin fee / account holder

$38

$633-93.9%

$6,737-99.4%

$347-88.9%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$28,628

KESTRA INVESTMENT SERVICES LLC4 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 49 · EIN 35-2552359

Other Services

$9,360

HENSEL PHELPS HOURLY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HENSEL PHELPS HOURLY RETIREMENT PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion