# Sheet Metal Workers Local Union No 48 Welfare Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-local-union-no-48-welfare-fund-630713360-501

> Sheet Metal Workers Local Union No 48 Welfare Fund's Health & Welfare plan: 238 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 48 Welfare Fund

- **Sponsor EIN:** 630713360

- **Sponsor Address:** 1108 29TH STREET NORTH, BIRMINGHAM, AL, 35234

- **Plan Type:** Health & Welfare

- **Plan Number:** 501

- **Total Participants:** 238

- **Total Assets:** $5.4M

## 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|238|$5.4M|$4.2M|$22,784|

| 2023|227|$5.0M|$3.0M|$48,527|

| 2022|214|$4.6M|$2.7M|$84,180|

## 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|Other Service Provider|$216,124|—|$216,124|

| SOUTHERN BENEFIT ADMINISTRATOR, INC|Other Service Provider|$84,242|—|$84,242|

| BHA CONSULTANT|Other Service Provider|$36,438|—|$36,438|

| RX BENEFITS|Other Service Provider|$31,377|—|$31,377|

| PNC ASSET MANAGEMENT|Other Service Provider|$15,798|—|$15,798|

| QUINN CONNOR WEAVER DAVIES & ROUCO|Other Service Provider|$15,775|—|$15,775|

| POTTER, BRYANT & MOORE|Other Service Provider|$13,750|—|$13,750|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $413,504

- **Estimated Expense Ratio:** 7.623% 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|$445,507|$15,798|$247,501|$13,750|—|

| 2023|$400,693|$16,688|$221,740|$13,750|—|

| 2022|$377,710|$13,693|$192,976|—|$152,800|

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