# Bay Metals & Fabrication, LLC Health & Welfare Plan
Source: https://planprovider.pro/companies/bay-metals-fabrication-llc-261489922-501

> Bay Metals & Fabrication, LLC's Health & Welfare plan: 90 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Bay Metals & Fabrication, LLC

- **Sponsor EIN:** 261489922

- **Sponsor Address:** 624 OBENDORFER ROAD, CHESAPEAKE, VA, 23324

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 90

- **Total Assets:** $296,611

## 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|90|$296,611|$493,301|$722,689|

| 2023|94|$65,057|$862,213|$369,236|

| 2022|87|$63,661|$713,891|$312,894|

## 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|

| MERITAIN HEALTH, AN AETNA COMPANY|Other Service Provider|$38,840|—|$38,840|

| TRION GROUP, A MARSH & MCLENNAN AGE|Investment Advisor|$31,020|—|$31,020|

| THE BENECON GROUP, LLC|Investment Advisor|$20,342|—|$20,342|

| CONNECTCARE3|Other Service Provider|$5,064|—|$5,064|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [TRION GROUP, A MARSH & MCLENNAN AGE](https://planprovider.pro/provider/marsh-mclennan-agency) — Investment Advisor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $95,266

- **Estimated Expense Ratio:** 32.118% 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|$975,277|—|—|—|—|

| 2023|$1,233,471|—|—|—|—|

| 2022|$1,003,056|—|—|—|—|

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