# Board Of Trustees Sheet Metal Workers Local No. 292 Health Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-no-292-health-fund-381433000-501

> Board Of Trustees Sheet Metal Workers Local No. 292 Health Fund's Health & Welfare plan: 494 participants, plan year 2024 financials, providers, and benchmar…

Form 5500 filing data for plan year 2024.

## 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|

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