Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Sheet Metal Workers Local 218 Hlth & Welf Fund
- Sponsor EIN: 431656591
- Sponsor Address: 2855 VIA VERDE DR, SPRINGFIELD, IL, 62703
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 310
- Total Assets: $4.5M
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 | 310 | $4.5M | $6.4M | $525,056 |
| 2023 | 305 | $3.3M | $5.8M | $522,014 |
| 2022 | 373 | $3.8M | $5.4M | $518,869 |
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 | $138,284 | — | $138,284 |
| MARSH & MCLENNAN AGENCY LLC | Other Service Provider | $28,800 | — | $28,800 |
| CALIBRE CPA GROUP, PLLC | Auditor | $27,126 | — | $27,126 |
| CAVANAGH & O'HARA | Other Service Provider | $26,734 | — | $26,734 |
| SHEET METAL WORKERS 218 UNION | Other Service Provider | $18,706 | — | $18,706 |
| MANNING & NAPIER | Other Service Provider | $7,832 | — | $7,832 |
| UNITED ACTURIAL | Other Service Provider | $7,500 | — | $7,500 |
| MILLIMAN | Recordkeeper | $6,750 | — | $6,750 |
| DATA RESEARCH GROUP | Other Service Provider | $6,313 | — | $6,313 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, PLLC — Auditor
- MILLIMAN — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $268,045
- Estimated Expense Ratio: 5.918% 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 | $215,808 | $7,832 | $81,953 | $23,700 | — |
| 2023 | $247,915 | $9,603 | $78,060 | $24,050 | — |
| 2022 | $218,856 | $13,954 | $85,043 | — | $94,003 |