# Sheet Metal Workers Local Union No 268 Health & Welfare Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-union-no-268-370557803-501

> Sheet Metal Workers Local Union No 268's Health & Welfare plan: 391 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 Workers Local Union No 268

- **Sponsor EIN:** 370557803

- **Sponsor Address:** 2701 N 89TH ST, CASEYVILLE, IL, 622322316

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 391

- **Total Assets:** $17.8M

## 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|391|$17.8M|$7.8M|$1.3M|

| 2023|396|$16.2M|$7.9M|$1.1M|

| 2022|385|$13.7M|$7.9M|$1.1M|

## 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|

| LABOR FIRST|Other Service Provider|$879,233|—|$879,233|

| MERITAIN HEALTH INC|Other Service Provider|$187,977|—|$187,977|

| KIMBERLY HEFLIN|Other Service Provider|$82,844|—|$82,844|

| WEST & COMPANY LLC|Auditor|$27,500|—|$27,500|

| MARSH & MCLENNAN AGENCY, LLC|Investment Advisor|$19,983|—|$19,983|

| EKON ADVISORS|Other Service Provider|$13,166|—|$13,166|

| SHEET METAL WORKERS LOCAL 268|Other Service Provider|$10,884|—|$10,884|

| HAMMOND AND SHINNERS PC|Other Service Provider|$10,097|—|$10,097|

| EKON BENEFITS|Other Service Provider|$7,633|—|$7,633|

### Verified Provider Profiles

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

- [WEST & COMPANY LLC](https://planprovider.pro/provider/west-and-company-llc) — Auditor

- [MARSH & MCLENNAN AGENCY, LLC](https://planprovider.pro/provider/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:** $1,239,317

- **Estimated Expense Ratio:** 6.945% 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|$378,192|$20,799|$207,961|$27,500|—|

| 2023|$350,322|$13,917|$202,757|$10,325|—|

| 2022|$391,790|$12,089|$201,867|—|$29,778|

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