Plan Ledger DOL Form 5500 · updated monthly

Trustees of the International Union of Operating EngineersProfit-sharing plan

INTERNATIONAL UNION OF OPERATING ENGINEERS LOCAL 841 QUALIFIED SAVINGS PLAN · TERRE HAUTE, IN · plan year 2024

Reported admin expense ratio · 2024
0.74%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Trustees of the International Union of Operating Engineers reported $1,117,336 in plan administrative expenses for 2024: 0.74% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,855 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.79% to 0.74%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 95th-largest of 1,562 plans among Indiana employers on file, and the 702nd of 4,798 in finance & insurance. active participation has grown from 4,510 to 5,026 since 2022.

Plan summary
Net assets, end of year$160,479,600
Participants with balances7,071
Active participants5,026
Employer contributions$14,350,869
Employee contributions—
Employer contribution per active participant$2,855
Average account balance$22,695
Benefits paid to participants$9,739,558
Plan auditUnmodified (clean) audit opinion
AuditorSACKRIDER & CO., INC.
Plan history3
Yearassets · accounts · employer contribution
2024$160.5M · 7,071 accts · $14.4M emplr
2023$143.2M · 6,630 accts · $11.8M emplr
2022$127.6M · 6,370 accts · $11.6M emplr
Administrative expenses, itemized · 2024
Investment management$316,450
Audit (IQPA)$63,276
Total administrative$1,117,336
Employer contributions to the Trustees of the International Union of Operating Engineers plan · 2024
Employer contribution per active participant$2,855
Median for plans this size$3,635
2024$2,855 per active participant
2023$2,484 per active participant
2022$2,578 per active participant

Trustees of the International Union of Operating Engineers's 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202412
STELLA HIGGINS · Recordkeeping$12,769
MORGAN STANLEY SMITH BARNEY · Investment advisory (plan) · Securities brokerage$271,240
TONYA KINCAID · Plan administrator$126,141
LAKEN ALLEN$73,554
ALEXIS SUTLIFF$73,554
BRIDGEWAY BENEFIT TECHNOLOGIES · Consulting$71,899
SACKRIDER & CO., INC. · Accounting / audit$54,991
FIRST STATE TRUST CO. · Trustee$35,091
DIANA BOYD$24,600
CATHY DAUGHERTY$13,179
UNITED ACTUARIAL SERVICES · Actuarial$12,300
WRIGHT, SHAGLEY, LOWERY · Legal$5,552

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,117,336 · 0.74%
2023$1,034,930 · 0.76%
2022$974,980 · 0.79%
Similar plansFinance & Insurance · Indiana
First Merchants Corporation IN$299.7M · 0.06%
Centier Bank IN$256.4M · 0.02%
Group 1001 Resources LLC IN$172.3M · 0.04%
Allied Solutions, LLC IN$123.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350416012 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.