Plan Snapshot
- Plan Sponsor: Operating Engineers Local 835 Welfare Fund
- Sponsor EIN: 232079619
- Sponsor Address: 485 DEVON PARK DR STE 102, WAYNE, PA, 190871840
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 1,222
- Total Assets: $10.9M
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 | 1,222 | $10.9M | $7.9M | $33,273 |
| 2023 | 1,023 | $9.7M | $7.6M | $36,853 |
| 2022 | 1,350 | $7.0M | $6.9M | $53,053 |
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 |
|---|---|---|---|---|
| ANTHONY PONTARELLI CPA, LLC | Other Service Provider | $7,000 | — | $7,000 |
| SPEAR WILDERMAN | Other Service Provider | $5,000 | — | $5,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $12,000
- Estimated Expense Ratio: 0.110% 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 | $91,823 | $39,325 | — | $7,000 | — |
| 2023 | $67,387 | $15,656 | — | $7,000 | — |
| 2022 | $31,907 | $10,769 | — | — | $12,000 |