# Board Of Trustees Of The Cedar Rapids Sheet Metal Workers Local 263 He Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-of-the-cedar-rapids-sheet-metal-workers-local-263-he-426498548-501

> Board Of Trustees Of The Cedar Rapids Sheet Metal Workers Local 263 He's Health & Welfare plan: 461 participants, plan year 2024 financials, providers, and b…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/fox-rothschild-llp) — ERISA Attorney

- [UHY, LLP](https://planprovider.pro/provider/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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-of-the-cedar-rapids-sheet-metal-workers-local-263-he-426498548-501)

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