Plan Snapshot
- Plan Sponsor: Employers & Operating Engineers Local 520 Health
- Sponsor EIN: 376046408
- Sponsor Address: 1472 N GREEN MOUNT ROAD, OFALLON, IL, 62269
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 897
- Total Assets: $64.1M
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 | 897 | $64.1M | $24.0M | $3.4M |
| 2023 | 787 | $57.0M | $21.3M | $3.3M |
| 2022 | 768 | $50.7M | $19.3M | $3.2M |
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 |
|---|---|---|---|---|
| CIGNA HEALTH AND LIFE INSURANCE COM | Recordkeeper | $645,025 | — | $645,025 |
| SEGAL COMPANY | Actuary | $104,127 | — | $104,127 |
| RHONDA BAUER | Other Service Provider | $87,203 | — | $87,203 |
| JULIE VISINTINE | Other Service Provider | $50,927 | — | $50,927 |
| MELISSA BAUER | Other Service Provider | $48,330 | — | $48,330 |
| JAYNA KING | Other Service Provider | $45,602 | — | $45,602 |
| LYNN KAELIN | Other Service Provider | $42,273 | — | $42,273 |
| LAURA SPROCK | Other Service Provider | $41,905 | — | $41,905 |
| COMMERCE TRUST COMPANY | Investment Advisor | $36,171 | — | $36,171 |
| SCHEFFEL BOYLE | Other Service Provider | $31,485 | — | $31,485 |
| SYSTEMS DESIGN ASSOCIATES | Other Service Provider | $23,213 | — | $23,213 |
| HAMMOND & SHINNERS, P.C. | ERISA Attorney | $19,192 | — | $19,192 |
| F/M INVESTMENTS LLC | Investment Advisor | $14,319 | — | $14,319 |
| AMALGAMATED | Other Service Provider | $7,467 | — | $7,467 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,197,239
- Estimated Expense Ratio: 1.867% 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 | $1,288,721 | $58,444 | — | $21,500 | — |
| 2023 | $1,227,417 | $58,407 | — | $20,800 | — |
| 2022 | $1,229,124 | $59,586 | — | — | $222,919 |