Plan Snapshot
- Plan Sponsor: Joint Board Of Trustees Sheet Metal Workers Local 7, Zone
- Sponsor EIN: 386075386
- Sponsor Address: 6525 CENTURION DRIVE, LANSING, MI, 48917
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 452
- Total Assets: $2.2M
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 | 452 | $2.2M | $6.0M | $1.5M |
| 2023 | 493 | $2.8M | $5.9M | $1.7M |
| 2022 | 495 | $2.1M | $5.1M | $1.9M |
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 SHEILD OF MICHIGAN | Other Service Provider | $495,676 | — | $495,676 |
| TIC MIDWEST | Other Service Provider | $42,207 | $30,088 | $72,295 |
| USI MIDWEST | Other Service Provider | $45,000 | — | $45,000 |
| DELTA DENTAL OF MICHIGAN | Other Service Provider | $20,987 | — | $20,987 |
| BENDA, GRACE, STULZ & COMPANY | Other Service Provider | $19,000 | — | $19,000 |
| VICTORY CAPITAL MANAGEMENT | Investment Advisor | $14,341 | — | $14,341 |
| VARNUM, RIDDERING, SCHMIDT | ERISA Attorney | $13,749 | — | $13,749 |
| WATKINS ROSS & COMPANY | Other Service Provider | $8,300 | — | $8,300 |
| YOUSIF CAPITAL MGMT | Other Service Provider | $8,122 | — | $8,122 |
| STANDARD VALUATIONS | Other Service Provider | $5,000 | — | $5,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VICTORY CAPITAL MANAGEMENT — Investment Advisor
- VARNUM, RIDDERING, SCHMIDT — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $702,470
- Estimated Expense Ratio: 31.536% 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 | $674,884 | — | $525,764 | $19,000 | — |
| 2023 | $668,046 | — | $503,399 | $18,300 | — |
| 2022 | $681,526 | $40,182 | $518,416 | — | $91,663 |