Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F
- Sponsor EIN: 370810664
- Sponsor Address: 20 NORTH MARTINGALE, SCHAUMBURG, IL, 60173
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 419
- Total Assets: $15.1M
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 | 419 | $15.1M | $8.5M | $143,769 |
| 2023 | 415 | $14.9M | $8.0M | $126,655 |
| 2022 | 450 | $15.2M | $7.7M | $163,553 |
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 |
|---|---|---|---|---|
| GROUP ADMINISTRATORS, LTD | Other Service Provider | $92,400 | — | $92,400 |
| MARQUETTE & ASSOCIATES | Other Service Provider | $64,355 | — | $64,355 |
| ROMOLO & ASSOCIATES, LLC | Other Service Provider | $49,826 | — | $49,826 |
| THE SEGAL COMPANY (MIDWEST) INC. | Other Service Provider | $46,748 | — | $46,748 |
| CAVANAGH & O'HARA, LLP | Other Service Provider | $31,002 | — | $31,002 |
| SAVRX | Other Service Provider | $24,907 | — | $24,907 |
| AMERICAN REALTY ADVISORS | Other Service Provider | $14,301 | — | $14,301 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $323,539
- Estimated Expense Ratio: 2.144% 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 | $493,808 | $64,354 | $196,013 | $17,250 | — |
| 2023 | $480,066 | $62,541 | $190,707 | $15,750 | — |
| 2022 | $480,767 | $79,561 | $181,457 | — | $124,773 |