# Local 57 Operating Engineers Health & Welfare Plan
Source: https://planprovider.pro/companies/local-57-operating-engineers-050347056-502

> Local 57 Operating Engineers's Health & Welfare plan: 1,277 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Local 57 Operating Engineers

- **Sponsor EIN:** 050347056

- **Sponsor Address:** 873 CENTRAL AVE, JOHNSTON, RI, 02919

- **Plan Type:** Health & Welfare

- **Plan Number:** 502

- **Total Participants:** 1,277

- **Total Assets:** $6.0M

## 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|1,277|$6.0M|$2.2M|$0|

| 2023|1,213|$5.0M|$2.0M|$0|

| 2022|1,073|$4.2M|$1.9M|$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|

| RUSSELL AMATO|Other Service Provider|$133,415|—|$133,415|

| WILLIAM SHEPARD|Other Service Provider|$131,740|—|$131,740|

| KATHRYN MALONEY|Other Service Provider|$44,765|—|$44,765|

| WARD FISHER & COMPANY LLP|Other Service Provider|$19,300|—|$19,300|

| KIERNAN PLUNKETT & REDIHAN LLP|Other Service Provider|$12,500|—|$12,500|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $341,720

- **Estimated Expense Ratio:** 5.648% 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|$1,300,168|—|—|$19,300|—|

| 2023|$1,277,513|—|—|$17,900|—|

| 2022|$1,106,114|—|—|—|$15,800|

## Similar Plans

- [Encore Holdings, LLC](https://planprovider.pro/companies/encore-holdings-llc-401k-plan) — 1,141 participants

- [Oh Endeavors Corp.](https://planprovider.pro/companies/oh-endeavors-corp-plan) — 1 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/local-57-operating-engineers-050347056-502)

© 2026 PlanProvider.Pro