Midwest Operating Engineers Pension Trust Fund

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The International Union of Operating Engineers (IUOE), was founded in 1896. The union represents Operating Engineers, who work as heavy equipment operators, mechanics, and surveyors in the construction industry, and Stationary Engineers, who work in operations and maintenance in building and industrial complexes, and in the service industries. The IUOE also represents nurses and other health industry workers as well as significant numbers of public employees engaged in a wide variety of occupations.

The IUOE is the 12th largest union in the AFL-CIO. Further, nearly 100 apprenticeships and training programs ensure that IUOE members are highly trained, highly skilled craft workers.

For the Midwest Operating Engineers Pension Trust Fund, we included the following factors:

A	% Change - Is your plan growing or shrinking?	B	% Active - How many members in your pension plan are active contributors?
C	Assets divided by Liability - Perhaps the single best indicator of your plan's health.	D	Has your plan been given a funding waiver? Could be a Warning Sign.
E	How much of the value of your plan is coming in via contributions?	F	Expenses to Income ratio helps show how efficiently your plan is being managed.
G	The presence of related party transactions has been a warning sign in the past.	H	Potential red flag - minimum funding waiver used in the past
I	Potential red flag - Was the minimum fund contribution made?	J	Potential red flag - Has there been a change in the actuarial cost method?

Data comes from the most recent Midwest Operating Engineers Pension Trust Fund Form 5500 (Year: 2005) found at www.freeERISA.com. If you have questions or concerns, the best person to ask is your Plan Administrator or your financial advisor.

# of Participants		A	B
Beg.of Yr.	End of Yr.	% Change	% Actives
25,197	26,322	4.5%	57.1%

Actuarial Value of Assets	Current Liability	C	D
		Assets/ Liability	Funding Waiver?
			Yes	No
$ 2.5 B	$ 3.3 B	74%		X

Total Contribution	E	Total Income	Total Expenses	F
Total Contribution	Contribution to Value %	Total Income	Total Expenses	Expense to Income Ratio
$ 126 M	5.1%	$ 428 M	$ 144 M	33.8%

G		H
Related Party Trx?		Min. Funding Waiver?
Yes	No	Yes	No
	X		X

I		J
> Min.Contribution?		Change in Cost Method?
Yes	No	Yes	No
X			X

Please let us know if you have any questions, if you find this guide useful, or if you have any suggestions to help improve it.

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