Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local No. 292 Health Fund
- Sponsor EIN: 381433000
- Sponsor Address: 700 TOWER DRIVE, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 494
- Total Assets: $16.4M
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 | 494 | $16.4M | $8.2M | $781,763 |
| 2023 | 538 | $16.6M | $9.0M | $622,985 |
| 2022 | 479 | $14.9M | $8.4M | $772,582 |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $223,886 | — | $223,886 |
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $65,508 | — | $65,508 |
| AMERICAN GRAPHICS PRINTING | Other Service Provider | $35,432 | — | $35,432 |
| BENDA, GRACE, STULZ & COMPANY P.C. | Other Service Provider | $16,700 | — | $16,700 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $15,083 | — | $15,083 |
| THE SEGAL COMPANY | Other Service Provider | $12,545 | — | $12,545 |
| ULLIANCE, INC | Other Service Provider | $11,529 | — | $11,529 |
| STEFANSKY, HOLLOWAY & NICHOLS INC | Other Service Provider | $5,117 | — | $5,117 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $385,800
- Estimated Expense Ratio: 2.357% 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 | $445,602 | $65,508 | $234,530 | $16,700 | — |
| 2023 | $410,143 | $74,795 | $218,859 | $16,000 | — |
| 2022 | $380,653 | $84,648 | $215,625 | — | $47,170 |