Plan Snapshot
- Plan Sponsor: Bd Of Trustees Sheet Metal Workers Local No. 12 Welfare Fund
- Sponsor EIN: 250994888
- Sponsor Address: 5 HOT METAL STREET, PITTSBURGH, PA, 15203
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 991
- Total Assets: $44.2M
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 | 991 | $44.2M | $18.5M | $2.3M |
| 2023 | 980 | $41.3M | $16.6M | $2.3M |
| 2022 | 980 | $39.2M | $17.0M | $2.3M |
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 |
|---|---|---|---|---|
| HIGHMARK | Other Service Provider | $684,609 | — | $684,609 |
| CENTRAL DATA SERVICES | Other Service Provider | $252,175 | — | $252,175 |
| THE SEGAL COMPANY | Other Service Provider | $62,434 | $47,735 | $110,169 |
| UNITED CONCORDIA COMPANIES, INC. | Other Service Provider | $70,636 | — | $70,636 |
| RXBENEFITS, INC. | Other Service Provider | $53,966 | — | $53,966 |
| GRIDIRON PARTNERS, LLC | Other Service Provider | $41,899 | — | $41,899 |
| DICLAUDIO & KRAMER, LLC | Auditor | $28,210 | — | $28,210 |
| ANDCO CONSULTING, LLC | Other Service Provider | $25,000 | — | $25,000 |
| PNC BANK | Other Service Provider | $19,205 | — | $19,205 |
| JUBELIRER, PASS & INTRIERI | Other Service Provider | $15,483 | — | $15,483 |
| CALIBRE CPA GROUP | Auditor | $11,461 | — | $11,461 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DICLAUDIO & KRAMER, LLC — Auditor
- CALIBRE CPA GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,312,813
- Estimated Expense Ratio: 2.968% 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 | $524,397 | $66,899 | $252,175 | $28,210 | — |
| 2023 | $445,920 | $53,311 | $240,395 | $27,200 | — |
| 2022 | $381,309 | $29,083 | $228,733 | — | $80,483 |