# Trustees - Sheet Metal Workers Local No.177 Health & Welfare Fund 401(k) Plan
Source: https://planprovider.pro/companies/trustees-sheet-metal-workers-local-no-177-health-welfare-fund-626109214-501

> Trustees - Sheet Metal Workers Local No.177 Health & Welfare Fund's 401(k) plan: 700 participants, plan year 2024 financials, providers, and benchmarks from…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/daniels-irwin-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/trustees-sheet-metal-workers-local-no-177-health-welfare-fund-626109214-501)

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