# Board Of Trustees Of Sheet Metal Workers 49 Family Health Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-sheet-metal-workers-49-family-health-plan-856011542-501

> Board Of Trustees Of Sheet Metal Workers 49 Family Health Plan's Health & Welfare plan: 728 participants, plan year 2024 financials, providers, and benchmark…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/kelley-law-group-pllc) — 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|

## Similar Plans

- [Board Of Trustees Sm Workers Local 49 Defined Contribution Plan](https://planprovider.pro/companies/board-of-trustees-sm-workers-local-49-defined-contribution-plan-742846833-001) — 633 participants

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