# Board Of Trustees, Sheet Metal Lcl Union No 25 Nj Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-lcl-union-no-25-nj-222586287-501

> Board Of Trustees, Sheet Metal Lcl Union No 25 Nj's Health & Welfare plan: 371 participants, plan year 2024 financials, providers, and benchmarks from Form 5…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Board Of Trustees, Sheet Metal Lcl Union No 25 Nj

- **Sponsor EIN:** 222586287

- **Sponsor Address:** 440 BARELL AVENUE, CARLSTADT, NJ, 07072

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 371

- **Total Assets:** $29.0M

## 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|371|$29.0M|$10.8M|$1.3M|

| 2023|377|$26.8M|$11.9M|$1.3M|

| 2022|411|$25.1M|$11.2M|$762,007|

## 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|

| AETNA LIFE INSURANCE COMPANY|Recordkeeper|$389,526|—|$389,526|

| KARLEEN O NEILL|Other Service Provider|$115,919|—|$115,919|

| VIRGINIA OLSEN|Other Service Provider|$102,459|—|$102,459|

| THE SEGAL COMPANY|Other Service Provider|$77,668|—|$77,668|

| MANFRE CPA P.C.|Other Service Provider|$51,776|—|$51,776|

| HI-TECH NERDS LLC|Other Service Provider|$36,971|—|$36,971|

| BOYD WATTERSON GSA FUND, LP|Other Service Provider|$34,187|—|$34,187|

| CIGNA HEALTH & LIFE INSURANCE CO|Other Service Provider|$18,399|—|$18,399|

| CLEARY, JOSEM & TRIGIANI LLP|Other Service Provider|$13,886|—|$13,886|

| SYNTONIC SYSTEMS INC.|Other Service Provider|$10,249|—|$10,249|

| THOMAS P. REYNOLDS|Other Service Provider|$6,200|—|$6,200|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $857,240

- **Estimated Expense Ratio:** 2.952% 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|$1,109,777|$105,065|$407,925|$53,240|—|

| 2023|$991,736|$101,496|$374,486|$58,728|—|

| 2022|$1,166,725|$94,536|$463,128|—|$91,669|

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