# Bd Of Trustees Sheet Metal Workers Union Loc 38 Insurance & Welfare Fd Health & Welfare Plan
Source: https://planprovider.pro/companies/bd-of-trustees-sheet-metal-workers-union-loc-38-insurance-welfare-fd-131739693-501

> Bd Of Trustees Sheet Metal Workers Union Loc 38 Insurance & Welfare Fd's Health & Welfare plan: 423 participants, plan year 2024 financials, providers, and b…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schultheis-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bd-of-trustees-sheet-metal-workers-union-loc-38-insurance-welfare-fd-131739693-501)

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