# Trustees Of Operating Engineers #49 Health And Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/trustees-of-operating-engineers-49-health-and-welfare-fund-237015120-501

> Trustees Of Operating Engineers #49 Health And Welfare Fund's Health & Welfare plan: 10,720 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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.](https://planprovider.pro/provider/aspire-financial-services) — Recordkeeper

- [LEGACY PROFESSIONALS LLP](https://planprovider.pro/provider/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|

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