Plan Snapshot
- Plan Sponsor: Smart Local 27 Health And Welfare Fund Trustees
- Sponsor EIN: 221538529
- Sponsor Address: PO BOX 847, FARMINGDALE, NJ, 077270847
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 451
- Total Assets: $12.7M
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. |
|---|---|---|---|---|
| 2025 | 451 | $12.7M | $0 | $0 |
| 2024 | 453 | $14.1M | $10.9M | $282,590 |
| 2023 | 369 | $12.6M | $10.8M | $275,629 |
| 2022 | 333 | $11.0M | $8.4M | $343,966 |
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 |
|---|---|---|---|---|
| AETNA LIFE INSURANCE COMPANY | Other Service Provider | $698,987 | — | $698,987 |
| ACRISURE LLC | Other Service Provider | — | $161,816 | $161,816 |
| MSPC CERTIFIED PUBLIC ACCOUNTANTS | Other Service Provider | $44,650 | — | $44,650 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $35,640 | — | $35,640 |
| SHEET METAL WORKERS LOCAL UNION 27 | Other Service Provider | $32,500 | — | $32,500 |
| O'BRIEN BELLAND & BUSHINSKY LLC | Other Service Provider | $29,773 | — | $29,773 |
| CAPTRUST | Other Service Provider | $21,302 | — | $21,302 |
| CONVEXSERV TECHNOLOGY SOLUTIONS LLC | Other Service Provider | $13,035 | — | $13,035 |
| ALLIED TRADES ASSISTANCE PROGRAM | Other Service Provider | $10,470 | — | $10,470 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,048,173
- Estimated Expense Ratio: 8.261% 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 |
|---|---|---|---|---|---|
| 2025 | $13,677,239 | $24,545 | — | $44,650 | — |
| 2024 | $646,041 | $24,080 | — | $44,500 | — |
| 2023 | $712,285 | $23,459 | — | $42,000 | — |
| 2022 | $761,784 | $22,779 | — | — | $94,824 |