Plan Snapshot
- Plan Sponsor: Operating Engineers Local 312 Health & Welfare
- Sponsor EIN: 237102671
- Sponsor Address: 100 CRESCENT CENTER PARKWAY, TUCKER, GA, 30084
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 309
- Total Assets: $20.8M
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 | 309 | $20.8M | $3.6M | $143,523 |
| 2023 | 320 | $20.0M | $3.6M | $195,244 |
| 2022 | 342 | $19.7M | $3.6M | $145,018 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF ALABAMA | Insurance Carrier | $254,028 | — | $254,028 |
| ZENITH AMERICAN SOLUTIONS | Recordkeeper | $98,228 | — | $98,228 |
| HIGHLAND CAPITAL MANAGEMENT | Investment Advisor | $53,043 | — | $53,043 |
| BHA CONSULTING LLC | Other Service Provider | $22,886 | — | $22,886 |
| REYNOLDS CONSULTING SERVICES LLC | Investment Advisor | $15,000 | — | $15,000 |
| STEVEN D. EISENBERG CPA, PA | Auditor | $13,731 | — | $13,731 |
| QUINN, CONNER, WEAVER DAVIES RUCCO | ERISA Attorney | $9,820 | — | $9,820 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $466,736
- Estimated Expense Ratio: 2.248% 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 | $253,668 | $73,350 | $98,228 | $13,731 | — |
| 2023 | $240,910 | $66,546 | $93,834 | $13,126 | — |
| 2022 | $254,036 | $72,479 | $95,130 | — | $48,536 |