# Sheet Metal Workers National Health Fund Health & Welfare Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-national-health-fund-521466749-501

> Sheet Metal Workers National Health Fund's Health & Welfare plan: 4,309 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 National Health Fund

- **Sponsor EIN:** 521466749

- **Sponsor Address:** 2001 CALDWELL DRIVE, GOODLETSVILLE, TN, 37072

- **Plan Type:** Health & Welfare

- **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](https://planprovider.pro/provider/calibre-cpa-group-pllc) — Auditor

- [MORGAN STANLEY](https://planprovider.pro/provider/jp-morgan-asset-management) — 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|

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