# Sheet Metal Worker 7 Zone 3 Welfare 401(k) Plan
Source: https://planprovider.pro/companies/sheet-metal-worker-7-zone-3-welfare-381449784-501

> Sheet Metal Worker 7 Zone 3 Welfare's 401(k) plan: 247 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sheet Metal Worker 7 Zone 3 Welfare

- **Sponsor EIN:** 381449784

- **Sponsor Address:** 700 TOWER DRIVE SUITE NO. 300, TROY, MI, 480982808

- **Plan Type:** 401(k)

- **Plan Number:** 501

- **Total Participants:** 247

- **Total Assets:** $2.7M

## 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|247|$2.7M|$4.2M|$587,088|

| 2023|236|$2.1M|$3.7M|$643,223|

| 2022|197|$2.0M|$2.6M|$695,252|

## 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|$296,398|—|$296,398|

| BENESYS INC|Recordkeeper|$82,702|—|$82,702|

| THE SALUS GROUP|Other Service Provider|$43,542|$485|$44,027|

| PNC BANK|Other Service Provider|$36,537|—|$36,537|

| HEALTH CARE ADVOCATE|Other Service Provider|$22,132|—|$22,132|

| LEDBETTER PARISI LLC|ERISA Attorney|$21,568|—|$21,568|

| DELTA DENTAL|Other Service Provider|$17,922|—|$17,922|

| WRUBEL WESLEY & COMPANY CPAS|Auditor|$10,930|—|$10,930|

| ULLIANCE|Other Service Provider|$9,568|—|$9,568|

| FR SECURE LLC|Other Service Provider|$6,516|—|$6,516|

| CUNI RUST AND STRENK|Actuary|$6,500|—|$6,500|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $554,800

- **Estimated Expense Ratio:** 20.567% 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|$265,690|$2,457|$77,736|$9,800|—|

| 2023|$253,744|$2,067|$77,736|$10,100|—|

| 2022|$237,616|$2,701|$81,009|—|$47,381|

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