# Board Of Trustees, Sheet Metal Workers 16 Health Trust Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-16-health-trust-930757655-501

> Board Of Trustees, Sheet Metal Workers 16 Health Trust's Health & Welfare plan: 1,885 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/milliman) — Recordkeeper

- [WITHUM SMITH & BROWN](https://planprovider.pro/provider/withumsmithbrown-pc) — Auditor

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

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