# Sheet Metal Workers Health Fund Of Local Union No19 Health & Welfare Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-health-fund-of-local-union-no19-231324693-501

> Sheet Metal Workers Health Fund Of Local Union No19's Health & Welfare plan: 2,046 participants, plan year 2024 financials, providers, and benchmarks from Fo…

Form 5500 filing data for plan year 2024.

## 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:** Health & Welfare

- **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](https://planprovider.pro/provider/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|

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