# Sheet Metal Workers,Local 7,Zone 1 Health & Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-7-zone-1-health-welfare-fund-386099712-501

> Sheet Metal Workers,Local 7,Zone 1 Health & Welfare Fund's Health & Welfare plan: 674 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Sheet Metal Workers,Local 7,Zone 1 Health & Welfare Fund

- **Sponsor EIN:** 386099712

- **Sponsor Address:** 700 TOWER DR, STE 300, TROY, MI, 480982808

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 674

- **Total Assets:** $10.3M

## 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|674|$10.3M|$11.3M|$450,607|

| 2023|622|$7.7M|$9.3M|$359,062|

| 2022|538|$6.7M|$7.7M|$414,271|

## 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|Recordkeeper|$484,341|—|$484,341|

| BENESYS|Recordkeeper|$142,271|—|$142,271|

| THE SEGAL COMPANY|Actuary|$33,516|—|$33,516|

| MANER COSTERISAN, P.C.|Auditor|$22,386|—|$22,386|

| FRANK D MCALPINE, ESQ.|ERISA Attorney|$15,000|—|$15,000|

| STEFANSKY, HOLLOWAY & NICHOLS INC|Other Service Provider|$10,468|—|$10,468|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [MANER COSTERISAN, P.C.](https://planprovider.pro/provider/maner-costerisan-pc) — Auditor

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $707,982

- **Estimated Expense Ratio:** 6.905% 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|$773,786|—|$611,011|$22,386|—|

| 2023|$659,240|—|$527,596|$21,215|—|

| 2022|$641,173|$13,177|$478,793|—|$53,449|

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