Plan Snapshot
- Plan Sponsor: Trustees - Sheet Metal Workers Local No.177 Health & Welfare Fund
- Sponsor EIN: 626109214
- Sponsor Address: P.O. BOX 1449, GOODLETTSVILLE, TN, 370701449
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 700
- Total Assets: $6.7M
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. |
|---|---|---|---|---|
| 2024 | 700 | $6.7M | $9.5M | $132,260 |
| 2023 | 662 | $5.8M | $8.6M | $162,477 |
| 2022 | 606 | $6.0M | $7.5M | $112,406 |
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 |
|---|---|---|---|---|
| BLUE CROSS BLUE SHIELD OF TENNESSEE | Other Service Provider | $374,436 | $52,217 | $426,653 |
| SOUTHERN BENEFIT ADMINISTRATORS,INC | Other Service Provider | $198,600 | — | $198,600 |
| DANIELS, IRWIN & AYLOR | Auditor | $12,850 | — | $12,850 |
| STRANCH, JENNINGS & GARVEY PLLC | Other Service Provider | $5,029 | — | $5,029 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DANIELS, IRWIN & AYLOR — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $643,132
- Estimated Expense Ratio: 9.581% 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 | $646,586 | — | $178,600 | $12,850 | — |
| 2023 | $620,830 | — | $171,600 | $14,900 | — |
| 2022 | $591,233 | — | $171,600 | — | $27,522 |