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Original filing (PDF)20260202124405NAL0001420065002
OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND
Form 5500
FILING_RECEIVED
OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND
Health & welfare plan
Signals · 3
~344 bps in Sched C feesNo recordkeeper disclosed8 service providers
Active participants
1,369
Accounts w/ balance
—
Plan assets (EOY)
$67.3M
Net assets (EOY)
$46.5M
How this plan invests
This plan
21 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
89
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 344 bps in Schedule C fees — 2050% above peer band of 16 bps.
- No recordkeeper disclosed on Schedule C.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND.
Plan sponsor
Name
OPERATING ENGINEERS LOCAL #234 HEALTH AND WELFARE TRUST FUND
EIN
51-0141783
Address
4880 HUBBELL AVENUE, SUITE 1 · DES MOINES, IA · 50317
Phone
(515) 207-3875
Industry
Constructionsee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-05-01
Tax period
2025-04-30
Filed
2026-02-02
Welfare benefit codes
4A · Health (other than dental or vision)
4D · Dental
4E · Vision
4F · Temporary Disability (accident and sickness)
4L · Death Benefits (other than life insurance)
Audit & trust (Schedule H)
Auditor
UHY, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
8 rowsOther
8| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| WELLMARK, INC. | 42-0318333 | — | NONE | $1.4M | — |
| BENESYS, INC | 38-2383171 | — | NONE | $398K | — |
| DICKINSON, MACKAMAN, TYLER & HAGEN | 42-1304875 | — | NONE | $218K | — |
| EMPLOYEE FRINGES AUDIT COMPANY | 42-1122328 | — | NONE | $99K | — |
| FIDUCIENT | — | CHICAGO, IL | NONE | $69K | — |
| THE SEGAL COMPANY | 13-1975125 | — | NONE | $46K | — |
| UHY, LLP | 20-0694403 | — | NONE | $36K | — |
| COMMUNITY STATE BANK | — | ANKENY, IA | NONE | $27K | — |
Investments
21 direct securities· $53.8M(80% of reported assets)
Uncategorized
$45.2M
20 holdings
Mutual Funds
$8.6M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Baird Short-Term Bond Fund Instl 1,183,729.380 Shares | — | — | $11.4M | $11.3M | 16.8% | |
| Dodge & Cox Income Fund 679,857.922 Shares | — | — | $9.3M | $8.6M | 12.8% | |
| Baird Aggregate Bond 872,084.051 Shares | Mutual Funds | — | $9.4M | $8.6M | 12.7% | |
| Vanguard 500 Index Admiral 13,054.607 Shares | — | — | $2.6M | $6.7M | 10.0% | |
| Blackrock Strategic 488,908.484 Shares | — | — | $4.6M | $4.7M | 6.9% | |
| American Europacific Growth Fund 55,921.342 Shares | — | — | $3.2M | $3.2M | 4.7% | |
| JP Morgan Emerging Markets 57,886.362 Shares | — | — | $2.0M | $1.8M | 2.7% | |
| Invesco Steelpath MLP 165,163.635 Shares | — | — | $980K | $1.6M | 2.4% | |
| Artisan High Income Instl 157,461.499 Shares | — | — | $1.5M | $1.4M | 2.1% | |
| Fidelity Real Estate Index 86,111.829 Shares | — | — | $1.3M | $1.4M | 2.1% | |
| Vanguard Inflation-Protected Securities 38,907.012 Shares | — | — | $986K | $911K | 1.4% | |
| Conestoga Small Cap Instl 11,814.171 Shares | — | — | $614K | $829K | 1.2% | |
| Hotchkins & Wiley Small Cap 75,784.393 Shares | — | — | $942K | $802K | 1.2% | |
| Cetera FlexInsured Sweep Variable | — | — | $514K | $514K | 0.8% | |
| Goldman Sachs Bank New York 4.150% Interest, Matures 01/28/2026 | — | — | $245K | $245K | 0.4% | |
| Chelsea St. Bank Chelsea 4.050% Interest, Matures 10/28/2025 | — | — | $245K | $245K | 0.4% | |
| BMO Bank Chicago 4.150% Interest, Matures 01/23/2026 | — | — | $244K | $244K | 0.4% | |
| Bank of America Charlotte 4.050% Interest, Matures 10/24/2025 | — | — | $244K | $244K | 0.4% | |
| Certificates of Deposit Alma Bank New York 3.950% Interest, Matures 09/30/2025 | — | — | $243K | $243K | 0.4% | |
| Santander Bank Wilmington 5.300% Interest, Matures 06/27/2025 | — | — | $242K | $242K | 0.4% | |
| Short-Term Investments * Cedar Rapids Bank & Trust Money Market Variable | — | — | $16K | $16K | <0.1% |
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