Plan Snapshot
- Plan Sponsor: Operating Engineers Local 428 Annuity Trust Fund
- Sponsor EIN: 866025732
- Sponsor Address: 2550 W UNION HILLS DR STE 290, PHOENIX, AZ, 850275198
- Plan Type: DC
- Total Participants: 8,185
- Total Assets: $313.5M
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 | 8,185 | $313.5M | $16.8M | $0 |
| 2023 | 7,789 | $291.3M | $17.0M | $0 |
| 2022 | 7,670 | $256.4M | $13.5M | $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 |
|---|---|---|---|---|
| JP MORGAN ASSET MANAGEMENT | Recordkeeper | $124,886 | — | $124,886 |
| LSV ASSET MANAGEMENT | Other Service Provider | $110,403 | — | $110,403 |
| VERUS ADVISORS, INC. | Other Service Provider | $110,376 | — | $110,376 |
| WESTERN ASSET MANAGEMENT COMPANY | Other Service Provider | $104,898 | — | $104,898 |
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $61,301 | — | $61,301 |
| SEGAL SELECT INSURANCE BROKERAGE | Other Service Provider | $59,500 | — | $59,500 |
| PANAGORA ASSET MANAGEMENT, INC. | Other Service Provider | $46,463 | — | $46,463 |
| SPENCER FANE LLP | ERISA Attorney | $32,358 | — | $32,358 |
| PNC BANK | Other Service Provider | $30,583 | — | $30,583 |
| LETTERSTREAM | Other Service Provider | $22,131 | — | $22,131 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $21,982 | — | $21,982 |
| WEINBERG, ROGER & ROSENFELD | Other Service Provider | $13,602 | — | $13,602 |
| THE SEGAL COMPANY | Recordkeeper | $10,000 | — | $10,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JP MORGAN ASSET MANAGEMENT — Recordkeeper
- SPENCER FANE LLP — ERISA Attorney
- THE SEGAL COMPANY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $748,483
- Estimated Expense Ratio: 0.239% 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 | $766,206 | $497,026 | $59,442 | $21,982 | — |
| 2023 | $914,784 | $624,799 | $55,816 | $32,249 | — |
| 2022 | $1,004,675 | $625,062 | $123,891 | — | $131,247 |