Plan Snapshot
- Plan Sponsor: Board Of Trustees, Sheet Metal Workers Local 206
- Sponsor EIN: 454844178
- Sponsor Address: 1843 HOTEL CIRCLE S STE 300, SAN DIEGO, CA, 92108
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 1,028
- Total Assets: $24.2M
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 | 1,028 | $24.2M | $19.9M | $884,158 |
| 2023 | 1,048 | $19.9M | $16.4M | $922,501 |
| 2022 | 837 | $15.5M | $13.8M | $940,165 |
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 |
|---|---|---|---|---|
| RISK PROGRAM ADMINISTRATORS LLC | Recordkeeper | $592,010 | — | $592,010 |
| HEALTHINVEST HRA | Other Service Provider | $106,513 | — | $106,513 |
| COMMONWEALTH EQUITY SERVICES | Investment Advisor | $21,013 | — | $21,013 |
| MILLER KAPLAN ARASE LLP | Auditor | $17,250 | — | $17,250 |
| GILBERT AND SACKMAN | Other Service Provider | $12,793 | — | $12,793 |
| HORIZON ACTUARIAL SERVICES | Other Service Provider | $10,500 | — | $10,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH EQUITY SERVICES — Investment Advisor
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $760,079
- Estimated Expense Ratio: 3.138% 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 | $802,401 | $21,013 | $698,523 | $17,250 | — |
| 2023 | $638,943 | $19,044 | $535,657 | $16,750 | — |
| 2022 | $458,103 | $15,876 | $356,510 | — | $55,879 |