Plan Snapshot
- Plan Sponsor: Board Of Trustees - Sheet Metal Workers Local 98 Welfare Plan
- Sponsor EIN: 314397633
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 25545
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 905
- Total Assets: $18.0M
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 | 905 | $18.0M | $15.9M | $193,337 |
| 2023 | 691 | $13.1M | $10.0M | $477,980 |
| 2022 | 691 | $14.8M | $10.1M | $410,253 |
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 |
|---|---|---|---|---|
| COMMUNITY INSURANCE COMPANY | Other Service Provider | $480,545 | — | $480,545 |
| AMERICAN BENEFIT CORPORATION | Recordkeeper | $403,944 | — | $403,944 |
| VISION SERVICE PLAN | Other Service Provider | $80,484 | — | $80,484 |
| SEGAL COMPANY | Other Service Provider | $75,000 | — | $75,000 |
| LEDBETTER PARTNERS LCC | Other Service Provider | $41,896 | — | $41,896 |
| LIVONGO HEALTH, INC | Other Service Provider | $37,239 | — | $37,239 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $26,005 | — | $26,005 |
| DELTA DENTAL OF OHIO | Other Service Provider | $25,458 | — | $25,458 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $6,253 | — | $6,253 |
| MARQUETTE ASSOCIATES | Other Service Provider | $6,000 | — | $6,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,182,824
- Estimated Expense Ratio: 6.562% 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 | $1,090,742 | $12,253 | — | $26,005 | — |
| 2023 | $930,716 | $11,359 | — | $21,275 | — |
| 2022 | $931,650 | $17,166 | — | — | $157,123 |