Plan Snapshot
- Plan Sponsor: Board Of Trustees Of The Cedar Rapids Sheet Metal Workers Local 263 He
- Sponsor EIN: 426498548
- Sponsor Address: 150 FIRST AVENUE NE, STE 450, CEDAR RAPIDS, IA, 524011115
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 461
- Total Assets: $5.0M
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 | 461 | $5.0M | $7.8M | $77,899 |
| 2023 | 444 | $4.0M | $7.3M | $79,275 |
| 2022 | 423 | $3.5M | $6.3M | $111,592 |
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 |
|---|---|---|---|---|
| BENEFITS MANAGEMENT GROUP INC. | Other Service Provider | $162,000 | — | $162,000 |
| FOX ROTHSCHILD, LLP | ERISA Attorney | $39,999 | — | $39,999 |
| JAMES GALLERY & ASSOCIATES | Other Service Provider | $32,400 | — | $32,400 |
| UHY, LLP | Auditor | $24,175 | — | $24,175 |
| BRADLEY HAUGE, CPA | Other Service Provider | $14,498 | — | $14,498 |
| CEDAR RAPIDS BANK & TRUST | Other Service Provider | $14,470 | — | $14,470 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FOX ROTHSCHILD, LLP — ERISA Attorney
- UHY, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $287,542
- Estimated Expense Ratio: 5.808% 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 | $778,059 | $14,470 | $570,673 | $38,673 | — |
| 2023 | $782,355 | $10,260 | $599,821 | $37,325 | — |
| 2022 | $602,194 | $9,808 | $430,395 | — | $68,790 |