# Board Of Trustees - Sheet Metal Workers Local 98 Welfare Plan Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-98-welfare-plan-314397633-501

> Board Of Trustees - Sheet Metal Workers Local 98 Welfare Plan's Health & Welfare plan: 905 participants, plan year 2024 financials, providers, and benchmarks…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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|

## Similar Plans

- [Trustees Of Tri-County Building Trades Health Fund](https://planprovider.pro/companies/trustees-of-tri-county-building-trades-health-fund-340751987-501) — 1,336 participants

- [Board Of Trustees - Sheet Metal Workers Local 98 Pension Fund](https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-98-pension-fund-plan) — 883 participants

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