Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local No. 292 S.U.B. Fund
- Sponsor EIN: 237205462
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 801
- Total Participants: 673
- Total Assets: $2.9M
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 | 673 | $2.9M | $663,445 | $0 |
| 2023 | 679 | $2.8M | $696,889 | $0 |
| 2022 | 703 | $2.4M | $518,795 | $0 |
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 | $74,154 | — | $74,154 |
| MORGAN STANLEY SMITH BARNEY, LLC | Other Service Provider | $16,624 | — | $16,624 |
| BENDA, GRACE, STULZ & COMPANY, P.C. | Other Service Provider | $9,250 | — | $9,250 |
| THE SEGAL COMAPNY | Other Service Provider | $7,589 | — | $7,589 |
| WATKINS, PAWLICK, CALATI & PRIFTI | Other Service Provider | $6,500 | — | $6,500 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $114,117
- Estimated Expense Ratio: 3.971% 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 | $143,736 | $21,014 | $73,713 | $9,250 | — |
| 2023 | $128,731 | $16,770 | $69,886 | $8,900 | — |
| 2022 | $112,889 | $12,937 | $68,854 | — | $20,704 |