# Board Of Trustees Sheet Metal Workers Local 58 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-58-welfare-fund-150564137-501

> Board Of Trustees Sheet Metal Workers Local 58 Welfare Fund's Health & Welfare plan: 157 participants, plan year 2024 financials, providers, and benchmarks f…

Form 5500 filing data for plan year 2024.

## 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|

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