Plan Snapshot
- Plan Sponsor: Trustees-Sheet Metal Workers Local 270 Welfare Fund
- Sponsor EIN: 736098088
- Sponsor Address: 1863 N 105TH E AVE, TULSA, OK, 74116
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 723
- Total Assets: $6.6M
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 | 723 | $6.6M | $4.9M | $47,062 |
| 2023 | 613 | $5.2M | $3.8M | $82,324 |
| 2022 | 525 | $4.0M | $3.0M | $107,843 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF OKLAHOMA | Other Service Provider | $215,763 | — | $215,763 |
| SHEET METAL WORKERS' LOCAL 270 | Other Service Provider | $55,329 | — | $55,329 |
| IMA, INC. | Other Service Provider | $55,000 | — | $55,000 |
| JERRY ENDSLEY, CPA | Other Service Provider | $48,782 | — | $48,782 |
| ROYLE VAZQUEZ LLP | Other Service Provider | $17,776 | — | $17,776 |
| RXBENEFITS, INC. | Other Service Provider | $15,426 | — | $15,426 |
| MERRILL LYNCH | Other Service Provider | $13,792 | — | $13,792 |
| 98POINT6 | Other Service Provider | $8,784 | — | $8,784 |
| MED-LABS, LLC DBA PICMED WELLNESS | Other Service Provider | $8,533 | — | $8,533 |
| MONAGHAN WARRICK KING | Other Service Provider | $6,345 | — | $6,345 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $445,530
- Estimated Expense Ratio: 6.737% 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 | $534,176 | $13,792 | $362,032 | $17,776 | — |
| 2023 | $446,136 | $13,810 | $292,292 | $18,202 | — |
| 2022 | $432,760 | $18,515 | $229,979 | — | $92,931 |