# Sheet Metal Workers Unemployment 401(k) Plan
Source: https://planprovider.pro/companies/sheet-metal-workers-unemployment-382578048-502

> Sheet Metal Workers Unemployment's 401(k) plan: 382 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 Unemployment

- **Sponsor EIN:** 382578048

- **Sponsor Address:** 700 TOWER DRIVE SUITE 300, TROY, MI, 480982808

- **Plan Type:** 401(k)

- **Plan Number:** 502

- **Total Participants:** 382

- **Total Assets:** $2.1M

## 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|382|$2.1M|$317,627|$317,102|

| 2023|389|$2.0M|$310,551|$304,805|

| 2022|368|$1.8M|$297,325|$294,284|

## 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|

| BENESYS, INC.|Other Service Provider|$37,025|—|$37,025|

| NOVARA, TESIJA P.L.L.C.|Other Service Provider|$9,896|—|$9,896|

| WRUBEL WESLEY & COMPANY CPAS|Other Service Provider|$5,300|—|$5,300|

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $52,221

- **Estimated Expense Ratio:** 2.454% 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|$65,756|—|$36,514|$5,300|—|

| 2023|$58,556|—|$32,600|$5,250|—|

| 2022|$58,948|$3,850|$32,263|—|$11,966|

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