Plan Snapshot
- Plan Sponsor: Board Of Trustees Operating Engineers Local 520
- Sponsor EIN: 371328217
- Sponsor Address: 1472 N GREEN MOUNT ROAD, OFALLON, IL, 62269
- Plan Type: DC
- Total Participants: 3,066
- Total Assets: $268.9M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,066 | $268.9M | $15.7M | $0 |
| 2023 | 2,930 | $237.9M | $13.1M | $0 |
| 2022 | 2,707 | $206.0M | $11.7M | $0 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | RECORDKEEPER | $239,927 | — | $239,927 |
| OPER ENG LOCAL 520 ANNUITY TRUST FD | OTHER | $166,930 | — | $166,930 |
| INVESTMENT CONSULTING SERVICES, LLC | INVESTMENT CONSULTING | $55,000 | — | $55,000 |
| HAMMOND & SHINNERS, P.C. | ATTORNEY | $16,467 | — | $16,467 |
| SCHEFFEL BOYLE | ACCOUNTANT | $14,110 | — | $14,110 |
| EMPOWER ADVISORY GROUP LLC | INVESTMENT MANAGEMENT | $11,408 | — | $11,408 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $503,842
- Estimated Expense Ratio: 0.187% 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 | $458,351 | $306,369 | $13,374 | $14,110 | — |
| 2023 | $423,420 | $280,559 | $11,175 | $14,425 | — |
| 2022 | $394,336 | $259,085 | $10,239 | — | $27,435 |