Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local 58 Welfare Fund
- Sponsor EIN: 150564137
- Sponsor Address: 6801 CROSSBOW DRIVE, EAST SYRACUSE, NY, 13057
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 157
- Total Assets: $5.2M
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 | 157 | $5.2M | $2.0M | $23,874 |
| 2023 | 167 | $5.1M | $2.1M | $27,424 |
| 2022 | 169 | $4.5M | $2.2M | $27,424 |
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 |
|---|---|---|---|---|
| BAILEY POWOROZNEK | Other Service Provider | $55,194 | — | $55,194 |
| JOANNE SWIDOWSKI | Other Service Provider | $54,280 | — | $54,280 |
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $43,987 | — | $43,987 |
| BLITMAN & KING LLP | Other Service Provider | $18,453 | — | $18,453 |
| PRO ACT, INC | Other Service Provider | $14,766 | — | $14,766 |
| HEATHER EATON | Other Service Provider | $14,619 | — | $14,619 |
| CANDACE GRELL | Other Service Provider | $13,920 | — | $13,920 |
| DARCANGELO & CO LLP | Other Service Provider | $11,500 | — | $11,500 |
| CATHERINE LANDRY | Other Service Provider | $8,480 | — | $8,480 |
| O'SULLIVAN ASSOCIATES | Other Service Provider | $5,900 | — | $5,900 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $241,099
- Estimated Expense Ratio: 4.604% 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 | $250,022 | $1,000 | — | $11,500 | — |
| 2023 | $308,013 | $1,000 | — | — | — |
| 2022 | $298,465 | — | — | — | $75,411 |