Plan Snapshot
- Plan Sponsor: Bd Of Trustees Sheet Metal Workers Union Loc 38 Insurance & Welfare Fd
- Sponsor EIN: 131739693
- Sponsor Address: 38 STARR RIDGE ROAD, BREWSTER, NY, 105094503
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 423
- Total Assets: $17.1M
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 | 423 | $17.1M | $9.8M | $4.1M |
| 2023 | 416 | $17.2M | $9.2M | $4.0M |
| 2022 | 404 | $15.8M | $8.8M | $3.9M |
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 | Other Service Provider | $485,271 | — | $485,271 |
| FRANK PERRI | Other Service Provider | $155,390 | — | $155,390 |
| ASHER KELLY PLLC | Other Service Provider | $97,425 | — | $97,425 |
| SCHULTHEIS & PANETTIERI, LLP | Auditor | $86,352 | — | $86,352 |
| SAVE ON SP LLC | Other Service Provider | $85,226 | — | $85,226 |
| SHEA WESTLAKE | Other Service Provider | $75,124 | — | $75,124 |
| ANNE MARIE IORILLO | Other Service Provider | $73,397 | — | $73,397 |
| STACEY L JOHNSON | Other Service Provider | $43,367 | — | $43,367 |
| RXBENEFITS, INC. | Other Service Provider | $31,116 | — | $31,116 |
| TONYA FELTON | Other Service Provider | $23,215 | — | $23,215 |
| THE HILB GROUP OF NEW ENGLAND | Other Service Provider | $17,713 | — | $17,713 |
| TECHBOX INC. | Other Service Provider | $16,317 | — | $16,317 |
| SELE-DENT INC | Other Service Provider | $15,507 | — | $15,507 |
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $14,913 | — | $14,913 |
| LOWER HUDSON VALLEY EAP | Other Service Provider | $12,000 | — | $12,000 |
| M&T BANK | Other Service Provider | $11,462 | — | $11,462 |
| THE SEGAL COMP (EASTERN STATES),INC | Other Service Provider | $8,500 | — | $8,500 |
| YUCATECH, INC. | Other Service Provider | $7,508 | — | $7,508 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,259,803
- Estimated Expense Ratio: 7.373% 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 | $748,362 | $14,913 | — | $37,000 | — |
| 2023 | $791,118 | — | — | $35,000 | — |
| 2022 | $745,507 | $14,037 | — | — | $188,688 |