Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Health Fund Of Local Union No19
- Sponsor EIN: 231324693
- Sponsor Address: 1301 S COLUMBUS BLVD. 1ST FLOOR, PHILADELPHIA, PA, 19147
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 2,046
- Total Assets: $36.7M
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 | 2,046 | $36.7M | $54.1M | $7.1M |
| 2023 | 2,037 | $35.4M | $48.9M | $7.0M |
| 2022 | 2,022 | $41.1M | $45.1M | $6.4M |
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 |
|---|---|---|---|---|
| INDEPENDENCE BLUE CROSS | Other Service Provider | $1,206,313 | — | $1,206,313 |
| SHEET METAL WORKERS LOC,#19 PENSION | Other Service Provider | $1,178,083 | — | $1,178,083 |
| GUARDIAN NURSES | Other Service Provider | $661,816 | — | $661,816 |
| LABOR FIRST LLC | Other Service Provider | $634,657 | — | $634,657 |
| BENECARD SERVICES INC | Other Service Provider | $250,873 | — | $250,873 |
| DELTA DENTAL OF PENNSYLVANIA | Other Service Provider | $120,851 | — | $120,851 |
| CONNER STRONG & BUCKELEW COMPANIES | Other Service Provider | $114,000 | — | $114,000 |
| ALLIED TRADES ASSISTANCE PROGRAM | Other Service Provider | $72,225 | — | $72,225 |
| BRIDGEWAY BENEFIT TECHNOLOGIES LLC | Other Service Provider | $13,865 | $52,658 | $66,523 |
| CHARTWELL INVESTMENT PARTNERS | Other Service Provider | $58,717 | — | $58,717 |
| BOYD WATTERSON ASSET MGMT LLC | Other Service Provider | $52,235 | — | $52,235 |
| SPEAR WILDERMAN,PC | Other Service Provider | $36,359 | $8,612 | $44,971 |
| NOVAK FRANCELLA, LLC | Auditor | $39,000 | $2,658 | $41,658 |
| SUSANIN,WIDMAN & BRENNAN, PC | Other Service Provider | $33,780 | — | $33,780 |
| INVESTMENT PERFORMANCE SERVICES | Other Service Provider | $32,500 | — | $32,500 |
| DELAWARE VALLEY HEALTHCARE COALITIO | Other Service Provider | — | $23,588 | $23,588 |
| TD BANK, N.A. | Other Service Provider | $19,909 | — | $19,909 |
| NATIONAL VISION ADMINISTRATORS | Other Service Provider | $17,853 | — | $17,853 |
| PRINCIPAL FINANCIAL GROUP, INC. | Other Service Provider | $8,015 | — | $8,015 |
| KENNEDY PRINTING COMPANY INC | Other Service Provider | $7,424 | — | $7,424 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,645,991
- Estimated Expense Ratio: 12.672% 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 | $1,754,821 | $143,452 | — | $39,000 | — |
| 2023 | $1,722,773 | $168,291 | — | $39,025 | — |
| 2022 | $1,867,856 | $224,308 | — | — | $227,050 |