# Board Of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F Health & Welfare Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-union-no-1-welfare-trust-f-370810664-501

> Board Of Trustees Sheet Metal Workers Local Union No 1 Welfare Trust F's Health & Welfare plan: 419 participants, plan year 2024 financials, providers, and b…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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|

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