Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local 112 Welfare Fund
- Sponsor EIN: 166052225
- Sponsor Address: PO BOX 1146, ELMIRA, NY, 149021146
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 233
- Total Assets: $14.0M
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 | 233 | $14.0M | $4.2M | $23,191 |
| 2023 | 204 | $12.1M | $3.8M | $32,698 |
| 2022 | 175 | $10.7M | $3.7M | $55,172 |
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 |
|---|---|---|---|---|
| M SCAPTURA | Other Service Provider | $82,400 | — | $82,400 |
| MORGAN STANLEY SMITH BARNEY LLC | Investment Advisor | $36,106 | — | $36,106 |
| SHEET METAL WORKERS LOCAL 112 | Recordkeeper | $20,959 | — | $20,959 |
| MENGEL, METZGER, BARR & CO. LLP | Auditor | $16,600 | — | $16,600 |
| BENEFIT RESOURCE LLC | Recordkeeper | $10,750 | — | $10,750 |
| EXCELLUS BLUE CROSS BLUE SHIELD | Insurance Carrier | $10,659 | — | $10,659 |
| JUDITH J GUSH | Other Service Provider | $7,815 | — | $7,815 |
| OSULLIVAN ASSOCIATES | Actuary | $6,400 | — | $6,400 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MENGEL, METZGER, BARR & CO. LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $191,689
- Estimated Expense Ratio: 1.368% 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 | $321,090 | $95,300 | $15,815 | $16,600 | — |
| 2023 | $304,257 | $74,039 | $24,826 | $16,100 | — |
| 2022 | $283,966 | $73,424 | $15,196 | — | $32,746 |