Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sheet Metal Workers' Health Plan
- Sponsor EIN: 956052259
- Sponsor Address: 111 N SEPULVEDA BLVD STE 210, MANHATTAN BEACH, CA, 90266
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 5,081
- Total Assets: $198.1M
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 | 5,081 | $198.1M | $87.0M | $6.0M |
| 2023 | 5,101 | $184.6M | $87.0M | $6.1M |
| 2022 | 5,174 | $162.3M | $84.5M | $6.3M |
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 |
|---|---|---|---|---|
| SHEET METAL BENEFIT PLANS ADMIN | Other Service Provider | $3,864,166 | — | $3,864,166 |
| ANTHEM BLUE CROSS LIFE & HEALTH | Other Service Provider | $1,720,897 | — | $1,720,897 |
| THE SEGAL COMPANY (WS), INC. | Recordkeeper | $354,653 | — | $354,653 |
| GARCIA HAMILTON & ASSOC. L.P. | Other Service Provider | $259,040 | — | $259,040 |
| MILLER KAPLAN ARASE LLP | Auditor | $237,277 | — | $237,277 |
| FOX ROTHSCHILD LLP | Other Service Provider | $119,974 | — | $119,974 |
| WITHUM SMITH + BROWN | Auditor | $114,087 | — | $114,087 |
| BEAT IT PROGRAM INC. | Other Service Provider | $92,152 | — | $92,152 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $66,975 | — | $66,975 |
| WELLS FARGO N.A. | Other Service Provider | $40,002 | — | $40,002 |
| AMERICAN MAILING SERVICE, INC | Other Service Provider | $36,088 | — | $36,088 |
| MARSH & MCLENNAN COMPANIES, INC. | Investment Advisor | — | $18,455 | $18,455 |
| BRIDGEWAY BENEFIT TECHNOLOGIES, LLC | Other Service Provider | $17,000 | — | $17,000 |
| COMERICA | Other Service Provider | $12,356 | — | $12,356 |
| EXPRESS SCRIPTS | Other Service Provider | $11,985 | — | $11,985 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- THE SEGAL COMPANY (WS), INC. — Recordkeeper
- MILLER KAPLAN ARASE LLP — Auditor
- WITHUM SMITH + BROWN — Auditor
- MARSH & MCLENNAN COMPANIES, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $6,965,107
- Estimated Expense Ratio: 3.517% 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 | $5,518,765 | $326,015 | — | $57,065 | — |
| 2023 | $5,332,308 | $335,712 | — | $51,270 | — |
| 2022 | $5,002,063 | $239,989 | — | — | $1,038,990 |