Plan Snapshot
- Plan Sponsor: Operating Engineers Local #234 Health And Welfare Trust Fund
- Sponsor EIN: 510141783
- Sponsor Address: 4880 HUBBELL AVENUE, SUITE 1, DES MOINES, IA, 50317
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,369
- Total Assets: $67.3M
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 | 1,369 | $67.3M | $23.7M | $1.7M |
| 2023 | 1,697 | $64.3M | $23.6M | $1.7M |
| 2022 | 1,446 | $59.9M | $23.0M | $1.7M |
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 |
|---|---|---|---|---|
| WELLMARK, INC. | Other Service Provider | $1,421,432 | — | $1,421,432 |
| BENESYS, INC | Other Service Provider | $398,322 | — | $398,322 |
| DICKINSON, MACKAMAN, TYLER & HAGEN | Other Service Provider | $217,781 | — | $217,781 |
| EMPLOYEE FRINGES AUDIT COMPANY | Recordkeeper | $99,152 | — | $99,152 |
| FIDUCIENT | Other Service Provider | $68,901 | — | $68,901 |
| THE SEGAL COMPANY | Other Service Provider | $45,766 | — | $45,766 |
| UHY, LLP | Auditor | $35,650 | — | $35,650 |
| COMMUNITY STATE BANK | Other Service Provider | $26,977 | — | $26,977 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPLOYEE FRINGES AUDIT COMPANY — Recordkeeper
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,313,981
- Estimated Expense Ratio: 3.440% 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 | $2,356,932 | $95,878 | $1,819,754 | $35,650 | — |
| 2023 | $1,903,623 | $84,180 | $1,370,440 | $35,750 | — |
| 2022 | $1,817,509 | $74,490 | $1,420,899 | — | $246,440 |