Plan Snapshot
- Plan Sponsor: Northern California Sheet Metal Workers Health Care Plan
- Sponsor EIN: 776113549
- Sponsor Address: P.O. BOX 1677, SAN RAMON, CA, 94583
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 996
- Total Assets: $43.8M
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 | 996 | $43.8M | $27.9M | $4.2M |
| 2023 | 986 | $38.3M | $26.4M | $4.2M |
| 2022 | 969 | $31.9M | $25.6M | $4.2M |
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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $985,415 | — | $985,415 |
| CALIFORNIA PHYSICIANS' SERVICE | Other Service Provider | $220,489 | — | $220,489 |
| DELTA DENTAL | Other Service Provider | $105,232 | — | $105,232 |
| NORTHWEST PLAN SERVICES | Recordkeeper | $96,000 | — | $96,000 |
| BEESON, TAYER AND BODINE | ERISA Attorney | $87,029 | — | $87,029 |
| OPTUMRX, INC | Other Service Provider | $63,152 | $9,666 | $72,818 |
| MEDICARE PART D ADVISORS | Other Service Provider | $51,757 | — | $51,757 |
| WITHUMSMITH+BROWN, PC | Auditor | $48,590 | — | $48,590 |
| TARP | Other Service Provider | $32,022 | — | $32,022 |
| MAMMINI COMPANY | Other Service Provider | $28,410 | — | $28,410 |
| HEALTHLINX, LLC | Other Service Provider | $21,800 | — | $21,800 |
| IRON MOUNTAIN | Other Service Provider | $20,059 | — | $20,059 |
| SMART SOURCE | Other Service Provider | $14,549 | — | $14,549 |
| COMMONWEALTH EQUITY SERVICES | Investment Advisor | $6,078 | — | $6,078 |
| MARSH & MCLENNAN AGENCY | Investment Advisor | — | $6,049 | $6,049 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NORTHWEST PLAN SERVICES — Recordkeeper
- BEESON, TAYER AND BODINE — ERISA Attorney
- WITHUMSMITH+BROWN, PC — Auditor
- COMMONWEALTH EQUITY SERVICES — Investment Advisor
- MARSH & MCLENNAN AGENCY — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,796,297
- Estimated Expense Ratio: 4.097% 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 | $1,791,110 | $34,488 | $1,007,519 | $48,590 | — |
| 2023 | $1,749,450 | $30,881 | $978,086 | $42,892 | — |
| 2022 | $1,710,730 | $31,035 | $900,931 | — | $236,584 |