Plan Snapshot
- Plan Sponsor: Trustees Of Sheet Metal Worker Local 219 Employee Benefit Fund
- Sponsor EIN: 363192254
- Sponsor Address: 3316 PUBLISHERS DR, ROCKFORD, IL, 61109
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 399
- Total Assets: $15.0M
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 | 399 | $15.0M | $9.1M | $283,041 |
| 2023 | 406 | $11.8M | $8.2M | $238,639 |
| 2022 | 390 | $9.4M | $6.8M | $247,406 |
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 |
|---|---|---|---|---|
| TRUE SCRIPTS | Other Service Provider | $588,671 | — | $588,671 |
| EMPLOYERS COALITION ON HEALTH | Other Service Provider | $402,477 | — | $402,477 |
| NORTHERN ILLINOIS HEALTH PLAN | Other Service Provider | $256,226 | — | $256,226 |
| SMART LOCAL 219 | Other Service Provider | $68,275 | — | $68,275 |
| LEGACY PROFESSIONALS LLP | Auditor | $48,105 | — | $48,105 |
| DMI GROUP, INC. | Other Service Provider | $26,400 | — | $26,400 |
| ILLINOIS BANK & TRUST | Other Service Provider | $17,656 | — | $17,656 |
| MEKETA INVESTMENT GROUP | Other Service Provider | $12,000 | — | $12,000 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $11,672 | — | $11,672 |
| O'SULLIVAN AND ASSOCIATES | Other Service Provider | $5,800 | — | $5,800 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- LEGACY PROFESSIONALS LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,437,282
- Estimated Expense Ratio: 9.555% 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 | $219,751 | $12,000 | — | $38,585 | — |
| 2023 | $173,169 | $12,000 | — | $27,729 | — |
| 2022 | $151,727 | $12,000 | — | — | $71,489 |