Plan Snapshot
- Plan Sponsor: Sheet Metal Workers National Health Fund
- Sponsor EIN: 521466749
- Sponsor Address: 2001 CALDWELL DRIVE, GOODLETSVILLE, TN, 37072
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 4,309
- Total Assets: $69.1M
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 | 4,309 | $69.1M | $70.6M | $622,096 |
| 2023 | 3,628 | $57.3M | $61.4M | $674,606 |
| 2022 | 3,307 | $45.9M | $56.3M | $793,576 |
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 |
|---|---|---|---|---|
| SOUTHERN BENEFIT ADMINISTRATORS INC | Recordkeeper | $2,558,350 | — | $2,558,350 |
| STRANCH, JENNINGS & GARVEY PLLC | Other Service Provider | $82,477 | — | $82,477 |
| FIRST HORIZON BANK | Other Service Provider | $58,657 | — | $58,657 |
| CALIBRE CPA GROUP, PLLC | Auditor | $35,000 | — | $35,000 |
| MORGAN STANLEY | Recordkeeper | $20,000 | — | $20,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CALIBRE CPA GROUP, PLLC — Auditor
- MORGAN STANLEY — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $2,754,484
- Estimated Expense Ratio: 3.989% 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 | $3,183,920 | $20,000 | $2,310,000 | $35,000 | — |
| 2023 | $2,979,468 | $23,181 | $2,310,000 | $38,783 | — |
| 2022 | $2,963,280 | $27,911 | $2,310,000 | — | $132,364 |