Plan Snapshot
- Plan Sponsor: Operating Engineers Local 57
- Sponsor EIN: 050390663
- Sponsor Address: 857 CENTRAL AVENUE, JOHNSTON, RI, 02919
- Plan Type: Health & Welfare
- Plan Number: 502
- Total Participants: 907
- Total Assets: $913,869
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. |
|---|---|---|---|---|
| 2025 | 907 | $913,869 | $0 | $0 |
| 2024 | 936 | $782,405 | $359,563 | $0 |
| 2023 | 780 | $658,449 | $306,076 | $0 |
| 2022 | 709 | $604,422 | $304,940 | $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 |
|---|---|---|---|---|
| CATHERINE E GRAZIANO | Other Service Provider | $96,250 | — | $96,250 |
| HOLT LAW, LLC | Other Service Provider | $96,250 | — | $96,250 |
| WARD, FISHER & CO LLP | Other Service Provider | $15,900 | — | $15,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $208,400
- Estimated Expense Ratio: 22.804% 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 |
|---|---|---|---|---|---|
| 2025 | $306,072 | — | — | $15,900 | — |
| 2024 | $58,759 | — | — | $15,100 | — |
| 2023 | $62,126 | — | — | — | — |
| 2022 | $61,951 | — | — | — | $12,100 |