Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sheet Metal Workers 16 Health Trust
- Sponsor EIN: 930757655
- Sponsor Address: PO BOX 4148, PORTLAND, OR, 97208
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,885
- Total Assets: $43.4M
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 | 1,885 | $43.4M | $34.1M | $0 |
| 2023 | 1,955 | $41.2M | $29.3M | $2.1M |
| 2022 | 1,901 | $46.0M | $28.2M | $2.1M |
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 |
|---|---|---|---|---|
| WILLIAM C EARHART COMPANY | Other Service Provider | $1,072,518 | $24,193 | $1,096,711 |
| CIGNA | Other Service Provider | $809,081 | — | $809,081 |
| EMPIRX HEALTH | Other Service Provider | $377,458 | — | $377,458 |
| PAYDHEALTH, LLC | Other Service Provider | $269,704 | — | $269,704 |
| MODA HEALTH | Other Service Provider | $116,458 | — | $116,458 |
| MILLIMAN, INC. | Recordkeeper | $92,000 | — | $92,000 |
| BANK OF AMERICA | Other Service Provider | $80,167 | — | $80,167 |
| WITHUM SMITH & BROWN | Auditor | $53,378 | — | $53,378 |
| METRO PRESORT | Other Service Provider | $50,602 | — | $50,602 |
| LABORATORY CORPORATION OF AMERICA | Other Service Provider | $45,359 | — | $45,359 |
| CASCADE CENTER INC DBA CANOPY | Other Service Provider | $37,934 | — | $37,934 |
| BUCK GLOBAL, LLC | Other Service Provider | $35,437 | — | $35,437 |
| BROWNSTEIN RASK, LLC | Other Service Provider | $32,476 | — | $32,476 |
| TELADOC HEALTH | Other Service Provider | $31,258 | — | $31,258 |
| BENNETT, HARTMAN, MORRIS & KAPLAN | Other Service Provider | $29,417 | — | $29,417 |
| PLATFORM CPAS, LLP | Auditor | $18,250 | — | $18,250 |
| NORTHWEST DRUG SAFE LLC | Other Service Provider | $14,621 | — | $14,621 |
| AIRMEDCARE NETWORK | Other Service Provider | $6,900 | — | $6,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN, INC. — Recordkeeper
- WITHUM SMITH & BROWN — Auditor
- PLATFORM CPAS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,197,211
- Estimated Expense Ratio: 7.373% 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 | $1,877,129 | $80,167 | $1,072,151 | $20,000 | — |
| 2023 | $2,809,359 | $90,013 | $1,354,774 | $19,000 | — |
| 2022 | $2,739,777 | $92,467 | $1,348,036 | — | $201,533 |