Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers' Local No. 40 Health Fund
- Sponsor EIN: 061013879
- Sponsor Address: 1040 AVENUE OF THE AMERICAS, NEW YORK, NY, 100183726
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 318
- Total Assets: $5.9M
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 | 318 | $5.9M | $7.8M | $577,972 |
| 2023 | 324 | $4.4M | $7.2M | $660,416 |
| 2022 | 312 | $3.4M | $6.4M | $739,292 |
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 |
|---|---|---|---|---|
| DANIEL H. COOK ASSOCIATES, INC. | Other Service Provider | $192,845 | — | $192,845 |
| ANTHEM HEALTH PLANS, INC. | Other Service Provider | $178,160 | — | $178,160 |
| PAYER MATRIX | Other Service Provider | $132,658 | — | $132,658 |
| LABOR FIRST | Other Service Provider | $61,938 | — | $61,938 |
| BROWN & BROWN OF CT, INC. | Other Service Provider | $44,000 | — | $44,000 |
| REID & RIEGE, PC | Other Service Provider | $36,862 | — | $36,862 |
| NOVAK FRANCELLA. LLC | Auditor | $24,773 | — | $24,773 |
| DELTA DENTAL | Other Service Provider | $12,882 | — | $12,882 |
| LHV EMPLOYEE ASSISTANCE PROGRAM | Other Service Provider | $10,413 | — | $10,413 |
| ROBERT M CHEVERIE & ASSOC PC | Other Service Provider | $9,479 | — | $9,479 |
| HINGE HEALTH, INC. | Other Service Provider | $6,301 | — | $6,301 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA. LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $710,311
- Estimated Expense Ratio: 12.086% 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 | $727,406 | $2,041 | $595,197 | $19,500 | — |
| 2023 | $870,995 | $1,950 | $707,758 | $30,938 | — |
| 2022 | $781,511 | $1,087 | $545,736 | — | $195,442 |