Plan Snapshot
- Plan Sponsor: Smw Local 24 Supplemental Unemploy Benefit Fund Board Of Trustees
- Sponsor EIN: 311383887
- Sponsor Address: 5968 BRIDGETOWN ROAD, CINCINNATI, OH, 45248
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 681
- Total Assets: $4.1M
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 | 681 | $4.1M | $572,129 | $0 |
| 2023 | 591 | $3.6M | $383,900 | $0 |
| 2022 | 626 | $3.3M | $370,583 | $0 |
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 |
|---|---|---|---|---|
| SOUDERS ADMINISTRATION SERVICES | Other Service Provider | $38,722 | — | $38,722 |
| CLARK, SCHAEFER, HACKETT & CO. | Other Service Provider | $18,316 | — | $18,316 |
| LEDBETTER PARTNERS LLC | Other Service Provider | $16,888 | — | $16,888 |
| KEY BANK | Other Service Provider | $8,781 | — | $8,781 |
| CAI INSURANCE DBA AEBS | Other Service Provider | $6,329 | — | $6,329 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $89,036
- Estimated Expense Ratio: 2.150% 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 | $92,810 | — | $35,902 | $18,316 | — |
| 2023 | $80,239 | $7,803 | $33,715 | — | — |
| 2022 | $66,737 | $7,572 | $34,731 | — | $16,981 |