# Operating Engineers Local #234 Health And Welfare Trust Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/operating-engineers-local-234-health-and-welfare-trust-fund-510141783-501

> Operating Engineers Local #234 Health And Welfare Trust Fund's Health & Welfare plan: 1,369 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/employee-fiduciary) — Recordkeeper

- [UHY, LLP](https://planprovider.pro/provider/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|

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