Plan Snapshot
- Plan Sponsor: Intl Union Of Operating Engrs Local Unions 181 320 Welfare Trust
- Sponsor EIN: 237003337
- Sponsor Address: PO BOX 1179, HENDERSON, KY, 42419
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 2,586
- Total Assets: $96.8M
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 | 2,586 | $96.8M | $43.9M | $3.9M |
| 2023 | 2,665 | $93.1M | $47.8M | $3.7M |
| 2022 | 2,556 | $86.8M | $44.4M | $3.8M |
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 |
|---|---|---|---|---|
| ANTHEM | Other Service Provider | $1,851,673 | — | $1,851,673 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $165,860 | — | $165,860 |
| BENESYS | Other Service Provider | $155,976 | — | $155,976 |
| STACY AUSENBAUGH | Other Service Provider | $98,886 | — | $98,886 |
| HORIZON ACTUARIAL SERVICES LLC | Other Service Provider | $78,260 | — | $78,260 |
| L. M. HENDERSON & COMPANY | Other Service Provider | $75,722 | — | $75,722 |
| LINDA EBLIN | Recordkeeper | $70,362 | — | $70,362 |
| MARY RANDOLPH | Recordkeeper | $67,778 | — | $67,778 |
| LAURA WILSON | Recordkeeper | $56,040 | — | $56,040 |
| PITNEY BOWES | Other Service Provider | $51,253 | — | $51,253 |
| FRANCES MAJORS | Recordkeeper | $47,505 | — | $47,505 |
| LEDBETTER PARTNERS LLC | Other Service Provider | $44,942 | — | $44,942 |
| STRATEGIC CAPITAL INVESTMNT ADVISOR | Other Service Provider | $43,750 | — | $43,750 |
| CHELSEA JONES | Other Service Provider | $28,941 | — | $28,941 |
| DEVSOURCE | Other Service Provider | $15,427 | — | $15,427 |
| ARES MANAGEMENT CORPORATION | Other Service Provider | $14,753 | — | $14,753 |
| BURKETT WALTON | Other Service Provider | $11,936 | — | $11,936 |
| OLD NATIONAL WEALTH MANAGEMENT | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,884,064
- Estimated Expense Ratio: 2.978% 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 | $3,590,160 | $201,020 | $2,107,111 | $82,915 | — |
| 2023 | $3,327,097 | $189,676 | $2,027,716 | $59,527 | — |
| 2022 | $3,039,593 | $170,401 | $1,807,774 | — | $163,144 |