Hensel Phelps Construction Co. 401(k) Review & Grade
Hensel Phelps Salary Retirement Plan
Greeley, COConstruction3,400 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$10,211Employer $ per active participant
$3,725Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$645.6MNet plan assets, end of year
$177,072Average balance per account
Score breakdown
- Employer generosity48.0 / 5096th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 81th |
| Employee saving | 36th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $27,703 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Hensel Phelps Construction put in about $10,211 per active participant, more than the typical peer ($1,965). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $34,722,751 |
| Participant (employee) contributions | $12,667,885 |
| Other contributions (incl. rollovers in) | $3,056,831 |
| Administrative expenses paid from the plan | $263,392 |
| Contract administrator fees | $39,239 |
| Investment advisory & management fees | $47,631 |
| Other admin expenses | $33,167 |
| Benefits paid out | $30,360,066 |
| Net assets, start / end of year | $539.8M / $645.6M |
| Active participants, start / end of year | 3,081 / 3,720 |
| Participants with account balances | 3,646 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | K Financial, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $155,673 reported compensation |
| Kestra Advisory Services LLC | $53,844 reported compensation |
| Kestra Financial Inc | $26,922 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009101916NAL0010748048001, received 2025-10-09, EIN 84-0876644, plan #060, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.