# Board Of Trustees - Operating Engineers Local No. 147 Annuity DC Plan
Source: https://planprovider.pro/companies/board-of-trustees-operating-engineers-local-no-147-annuity-660598785-001

> Board Of Trustees - Operating Engineers Local No. 147 Annuity's DC plan: 1,335 participants, plan year 2024 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees - Operating Engineers Local No. 147 Annuity

- **Sponsor EIN:** 660598785

- **Sponsor Address:** 5305 VIRGINIA BEACH BLVD., NORFOLK, VA, 23502

- **Plan Type:** DC

- **Plan Number:** 001

- **Total Participants:** 1,335

- **Total Assets:** $64.7M

## 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|1,335|$64.7M|$6.3M|$0|

| 2023|2,421|$55.9M|$8.0M|$0|

| 2022|707|$46.9M|$3.9M|$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|

| RAYMOND JAMES & ASSOCIATES|Investment Advisor|$78,146|—|$78,146|

| SOUTHERN BENEFIT ADMINISTRATORS|Other Service Provider|$38,338|—|$38,338|

| DANIELS, IRWIN & AYLOR|Auditor|$15,625|—|$15,625|

| HUDSON EDGE INVESTMENT PARTNERS|Other Service Provider|$14,347|$1,101|$15,448|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [RAYMOND JAMES & ASSOCIATES](https://planprovider.pro/provider/raymond-james-financial-inc) — Investment Advisor

- [DANIELS, IRWIN & AYLOR](https://planprovider.pro/provider/daniels-irwin-and-aylor) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $147,557

- **Estimated Expense Ratio:** 0.228% 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|$171,532|$92,493|$36,000|$15,625|—|

| 2023|$147,200|$71,729|$27,000|$16,100|—|

| 2022|$123,997|$69,329|$25,200|—|$14,130|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-operating-engineers-local-no-147-annuity-660598785-001)

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