Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Sheet Metal Workers 49 Family Health Plan
- Sponsor EIN: 856011542
- Sponsor Address: 6121 INDIAN SCHOOL RD NE STE 123, ALBUQUERQUE, NM, 871103102
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 728
- Total Assets: $13.6M
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 | 728 | $13.6M | $5.7M | $309,802 |
| 2023 | 792 | $13.2M | $6.6M | $193,439 |
| 2022 | 673 | $12.6M | $5.9M | $219,660 |
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 |
|---|---|---|---|---|
| SOUTHWEST SERVICE ADMINISTRATORS | Other Service Provider | $291,866 | — | $291,866 |
| BLUE CROSS BLUE SHIELD | Other Service Provider | $237,042 | — | $237,042 |
| RAEL & LETSON | Other Service Provider | $74,318 | — | $74,318 |
| KELLEY LAW GROUP | ERISA Attorney | $61,684 | — | $61,684 |
| NATIXIS GLOBAL ASSET MANAGEMENT | Other Service Provider | $46,320 | — | $46,320 |
| UNITED CONCORDIA | Other Service Provider | $41,868 | — | $41,868 |
| WORKER'S ASSISTANCE PROGRAM | Other Service Provider | $17,233 | — | $17,233 |
| BALDWIN MOFFITT BEHM LLP | Other Service Provider | $16,721 | — | $16,721 |
| AMERICAN HEALTH GROUP | Other Service Provider | $16,554 | — | $16,554 |
| ULRICH CONSULTING GROUP | Other Service Provider | $16,487 | — | $16,487 |
| MARSH & MCLENNAN | Other Service Provider | $9,574 | — | $9,574 |
| BANK OF ALBUQUERQUE | Other Service Provider | $8,780 | — | $8,780 |
| LETTERSTREAM | Other Service Provider | $5,383 | — | $5,383 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- KELLEY LAW GROUP — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $843,830
- Estimated Expense Ratio: 6.201% 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 | $855,858 | $62,807 | $243,745 | $16,721 | — |
| 2023 | $937,942 | $59,722 | $252,114 | $11,487 | — |
| 2022 | $602,949 | $62,049 | $206,083 | — | $123,803 |