# Joint Board Of Trustees Sheet Metal Workers Local 7, Zone Health & Welfare Plan
Source: https://planprovider.pro/companies/joint-board-of-trustees-sheet-metal-workers-local-7-zone-386075386-501

> Joint Board Of Trustees Sheet Metal Workers Local 7, Zone's Health & Welfare plan: 452 participants, plan year 2024 financials, providers, and benchmarks fro…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/victory-capital-management-inc) — Investment Advisor

- [VARNUM, RIDDERING, SCHMIDT](https://planprovider.pro/provider/varnum-llp) — 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|

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