Plan Snapshot
- Plan Sponsor: Sheet Metal Workers Local Union No. 32 Health & Welfare Fund
- Sponsor EIN: 656088549
- Sponsor Address: 2010 NW 150TH AVENUE, PEMBROKE PINES, FL, 33028
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 302
- Total Assets: $4.6M
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 | 302 | $4.6M | $5.3M | $38,259 |
| 2023 | 255 | $3.7M | $4.9M | $49,054 |
| 2022 | 250 | $2.6M | $3.4M | $59,235 |
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 |
|---|---|---|---|---|
| NEBA | Other Service Provider | $61,305 | — | $61,305 |
| SUGARMAN & SUSSKIND | ERISA Attorney | $29,227 | — | $29,227 |
| BROWN & BROWN | Other Service Provider | $25,000 | — | $25,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SUGARMAN & SUSSKIND — ERISA Attorney
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $115,532
- Estimated Expense Ratio: 2.535% 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 | $183,700 | $10,879 | — | $18,897 | — |
| 2023 | $161,559 | $12,012 | — | $9,525 | — |
| 2022 | $147,602 | $7,474 | $48,834 | — | $67,607 |