Plan Snapshot
- Plan Sponsor: Operating Engineers Local 428 Pension Trust
- Sponsor EIN: 866025732
- Sponsor Address: 2550 W UNION HILLS DR STE 290, PHOENIX, AZ, 850275198
- Plan Type: DB
- Total Participants: 1,577
- Total Assets: $16.7M
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 | 1,577 | $16.7M | $0 | $0 |
| 2023 | 0 | $19.5M | $0 | $0 |
| 2022 | 12 | $21.5M | $0 | $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 |
|---|---|---|---|---|
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $58,330 | — | $58,330 |
| THE SEGAL COMPANY | Recordkeeper | $57,417 | — | $57,417 |
| VERUS ADVISORS, INC | Other Service Provider | $53,518 | — | $53,518 |
| SPENCER FANE LLP | ERISA Attorney | $28,753 | — | $28,753 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $27,082 | — | $27,082 |
| PNC BANK | Other Service Provider | $11,949 | — | $11,949 |
| JP MORGAN ASSET MANAGEMENT | Recordkeeper | $9,993 | — | $9,993 |
| WESTERN ASSET MANAGEMENT | Other Service Provider | $9,418 | — | $9,418 |
| PANAGORA ASSET MANAGEMENT | Other Service Provider | $6,861 | — | $6,861 |
| WEINBERG, ROGER & ROSENFELD | Other Service Provider | $5,355 | — | $5,355 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY — Recordkeeper
- SPENCER FANE LLP — ERISA Attorney
- JP MORGAN ASSET MANAGEMENT — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $268,676
- Estimated Expense Ratio: 1.611% 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 | $351,004 | $79,790 | $54,000 | $27,082 | — |
| 2023 | $379,139 | $92,650 | $56,297 | $27,149 | — |
| 2022 | $611,455 | $105,866 | $201,961 | — | $155,366 |