Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Sheet Metal Workers Local Union No. 263 Retiremen
- Sponsor EIN: 426498549
- Sponsor Address: 150 FIRST AVENUE NE, STE 450, CEDAR RAPIDS, IA, 524011115
- Plan Type: DC
- Total Participants: 560
- Total Assets: $42.4M
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 | 560 | $42.4M | $1.1M | $788,856 |
| 2023 | 545 | $37.2M | $1.0M | $724,821 |
| 2022 | 520 | $31.8M | $922,054 | $736,062 |
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 |
|---|---|---|---|---|
| MILLIMAN FINANCIAL RISK MANAGEMENT | Other Service Provider | $58,424 | — | $58,424 |
| BENEFITS MANAGEMENT GROUP INC | Other Service Provider | $28,800 | — | $28,800 |
| GRAYSTONE CONSULTING, LLC | Other Service Provider | $25,000 | — | $25,000 |
| UHY, LLP | Auditor | $16,700 | — | $16,700 |
| FOX ROTHSCHILD, LLP | Other Service Provider | $15,000 | — | $15,000 |
| BRADLEY HAUGE, CPA | Other Service Provider | $8,708 | — | $8,708 |
| WASHINGTON STREET INS. GROUP | Other Service Provider | $8,192 | — | $8,192 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $160,824
- Estimated Expense Ratio: 0.380% 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 | $181,426 | $37,369 | $28,800 | — | — |
| 2023 | $184,602 | $37,530 | $28,800 | — | — |
| 2022 | $171,690 | $37,839 | $28,800 | — | $34,925 |