Plan Snapshot
- Plan Sponsor: Trustees Of Operating Engineers #49 Health And Welfare Fund
- Sponsor EIN: 237015120
- Sponsor Address: 3001 METRO DRIVE, SUITE 500, BLOOMINGTON, MN, 55425
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 10,720
- Total Assets: $283.3M
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 | 10,720 | $283.3M | $248.5M | $16.9M |
| 2023 | 10,639 | $273.0M | $231.4M | $15.7M |
| 2022 | 10,585 | $261.2M | $208.2M | $15.9M |
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 |
|---|---|---|---|---|
| WILSON MCSHANE CORPORATION | Other Service Provider | $3,745,785 | — | $3,745,785 |
| BLUECROSS BLUESHIELD OF MN | Other Service Provider | $3,365,447 | $336,847 | $3,702,294 |
| TEAM | Other Service Provider | $1,289,187 | — | $1,289,187 |
| THE SEGAL COMPANY INC | Other Service Provider | $496,569 | — | $496,569 |
| HEALTH GAUGE | Other Service Provider | $436,123 | — | $436,123 |
| DDMN ASO LLC | Other Service Provider | $325,778 | — | $325,778 |
| UBS FINANCIAL SERVICES, INC. | Recordkeeper | $309,622 | — | $309,622 |
| REINHART | Other Service Provider | $213,813 | — | $213,813 |
| BMO HARRIS BANK | Other Service Provider | $36,445 | $160,731 | $197,176 |
| UNION FIRST LASER TECHNOLOGIES | Other Service Provider | $90,878 | — | $90,878 |
| ANDREW, BRANSKY, & POOLE | Other Service Provider | $77,413 | — | $77,413 |
| LEGACY PROFESSIONALS LLP | Auditor | $37,115 | — | $37,115 |
| HONSA-BINDER PRINTING INC | Other Service Provider | $19,533 | — | $19,533 |
| SOMMERS & FAHRENBACH | Other Service Provider | $6,009 | — | $6,009 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS FINANCIAL SERVICES, INC. — Recordkeeper
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $10,947,295
- Estimated Expense Ratio: 3.864% 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 | $5,237,077 | $313,645 | $3,690,702 | $37,115 | — |
| 2023 | $4,782,226 | $273,924 | $3,588,391 | $37,100 | — |
| 2022 | $4,340,489 | $439,408 | $3,285,680 | — | $330,588 |