# Sheet Metal Workers Local Union No. 32 Health & Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-union-no-32-health-welfare-fund-656088549-501

> Sheet Metal Workers Local Union No. 32 Health & Welfare Fund's 401(k) plan: 302 participants, plan year 2024 financials, providers, and benchmarks from Form…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/sugarman-and-susskind-pa) — 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|

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