Retirement plan

HENSEL PHELPS HOURLY RETIREMENT PLAN

Name: HENSEL PHELPS CONSTRUCTION CO - HENSEL PHELPS HOURLY RETIREMENT PLAN (2024) Form 5500
Creator: HENSEL PHELPS CONSTRUCTION CO
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HENSEL PHELPS HOURLY RETIREMENT PLAN, HENSEL PHELPS CONSTRUCTION CO

HENSEL PHELPS CONSTRUCTION COEIN 84-0876644Plan #070PY 2024

420 6TH AVENUE - GREELEY, CO 80631970-352-6565

Other plans on this EIN

1 filing

#060Retirement-$645.6M assets

Prospect flagsLow returnsLow participationLow participant contribution

How to read this page

Total assets (EOY)

$59.8M

-2.9% from 2016

Total participants

1,669

-4.8% from 2016

Average account balance

$65,029

+2.0% from 2016

Annual return

0.44%

+0.08 pp from 2016

Benchmarks

See 560 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants1,000-4,999

Cohort560 peers

Snapshot2024

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 4 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 13 · EIN 06-1050034 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Contract Administrator	$49,986
KESTRA INVESTMENT SERVICES LLC5 years Filed as: KESTRA ADVISORY SERVICES LLC Service code 49 5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735	Other Services	$5,850
KESTRA INVESTMENT SERVICES LLC1 year Filed as: KESTRA FINANCIAL INC Service code 27 6500 R0CK SPRING DR STE 410 · BETHESDA, MD 20817	Advisory (Plan)	$2,925
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: ADVISED ASSETS GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Investment Management	$406

Plan features & details

Pension benefit codes2E2F2G2K2T3D3H

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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$62K

$45 / participant

Recordkeeping$38K61.2%
Investment mgmt$3K5.4%
Other trustee fees$3K4.7%
Contract admin$12K19.7%
Other / not subdivided$6K9.0%

% of EOY assets

0.103%

all-in expense ratio

Categories reported

4 / 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

$65,029

$241,850-73.1%

$102,437-36.5%

$200,096-67.5%

Participation rate

45.2%

78.3%-33.2pp

74.5%-29.3pp

72.0%-26.9pp

Annual return

0.44%

17.67%-17.2pp

24.95%-24.5pp

34.26%-33.8pp

Employer contribution / active EE

$4,195

$4,253-1.3%

$3,871+8.4%

$3,038+38.1%

Participant deferral / active EE

$363

$3,961-90.8%

$5,060-92.8%

$5,090-92.9%

Admin fee / account holder

$67

$288-76.7%

$8,388-99.2%

$269-75.1%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 13 · EIN 06-1050034

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Contract Administrator

$49,986

KESTRA INVESTMENT SERVICES LLC5 years

Filed as: KESTRA ADVISORY SERVICES LLC

Service code 49

5707 SWST PRKWY BLDG 2 · AUSTIN, TX 78735

Other Services

$5,850

KESTRA INVESTMENT SERVICES LLC1 year

Filed as: KESTRA FINANCIAL INC

Service code 27

6500 R0CK SPRING DR STE 410 · BETHESDA, MD 20817

Advisory (Plan)

$2,925

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: ADVISED ASSETS GROUP, LLC

Service code 28

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Investment Management

$406

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