# Board Of Trustees Sheet Metal Workers' Local No. 40 Health Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-no-40-health-fund-061013879-501

> Board Of Trustees Sheet Metal Workers' Local No. 40 Health Fund's Health & Welfare plan: 318 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. 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](https://planprovider.pro/provider/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|

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