Plan Snapshot
- Plan Sponsor: Flint Area Sheet Metal Workers 7-4 Health Care Fund
- Sponsor EIN: 383377279
- Sponsor Address: 700 TOWER DRIVE, SUITE 300 RM 300, TROY, MI, 48098
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 228
- Total Assets: $6.1M
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 | 228 | $6.1M | $3.4M | $515,404 |
| 2023 | 234 | $5.5M | $3.2M | $489,610 |
| 2022 | 199 | $4.8M | $3.0M | $545,642 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF MICHIGAN | Other Service Provider | $278,441 | — | $278,441 |
| BENESYS, INC. | Other Service Provider | $100,552 | — | $100,552 |
| SALUS GROUP | Other Service Provider | $48,996 | — | $48,996 |
| BENDA GRACE STULZ & CO PC | Other Service Provider | $15,900 | — | $15,900 |
| LEDBETTER PARISI, LLC | Other Service Provider | $14,627 | — | $14,627 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $9,000 | — | $9,000 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $467,516
- Estimated Expense Ratio: 7.644% 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 | $506,091 | $4,121 | $378,993 | $15,900 | — |
| 2023 | $502,727 | $1,219 | $350,265 | $15,300 | — |
| 2022 | $477,501 | $518 | $89,843 | — | $105,907 |