Plan Snapshot
- Plan Sponsor: Trustees Sheet Metal Workers Local Union No 20 Welfare & Benefit Fund
- Sponsor EIN: 356028684
- Sponsor Address: 2828 EAST 45TH STREET, INDIANAPOLIS, IN, 46205
- Plan Type: 401(k)
- Plan Number: 501
- Total Participants: 3,252
- Total Assets: $174.7M
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 | 3,252 | $174.7M | $63.1M | $6.6M |
| 2023 | 2,803 | $155.7M | $51.7M | $6.9M |
| 2022 | 2,616 | $136.8M | $46.4M | $6.7M |
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 |
|---|---|---|---|---|
| ANTHEM INSURANCE COMPANIES, INC. | Other Service Provider | $1,573,764 | — | $1,573,764 |
| NAT'L EMPLOYEE BENEFITS ADMIN-NEBA | Other Service Provider | $554,028 | $148,297 | $702,325 |
| HORIZON ACTUARIAL SERVICES LLC | Other Service Provider | $505,728 | — | $505,728 |
| COSTCO HEALTH SOLUTIONS | Other Service Provider | $331,455 | — | $331,455 |
| SONYA HOWARD | Recordkeeper | $178,505 | — | $178,505 |
| DELTA DENTAL PLAN OF INDIANA | Other Service Provider | $131,821 | — | $131,821 |
| MORGAN STANLEY SMITH BARNEY LLC | Other Service Provider | $104,254 | — | $104,254 |
| MEDEXPERT INTERNATIONAL, INC. | Other Service Provider | $98,372 | — | $98,372 |
| VISION SERVICE PLAN | Other Service Provider | $70,074 | — | $70,074 |
| AMANDA KELLER | Recordkeeper | $64,678 | — | $64,678 |
| CYNTHIA PITMAN | Other Service Provider | $59,239 | — | $59,239 |
| LEGACY PROFESSIONALS LLP | Auditor | $49,500 | — | $49,500 |
| LEDBETTER PARTNERS, LLC | Other Service Provider | $49,079 | — | $49,079 |
| SUMMER HOWARD | Recordkeeper | $40,663 | — | $40,663 |
| ARIELLE MARTIN | Recordkeeper | $37,399 | — | $37,399 |
| CALIBRE CPA GROUP, PLLC | Auditor | $34,092 | — | $34,092 |
| EZ MAILING, LLC | Other Service Provider | $29,252 | — | $29,252 |
| KMR SYSTEMS | Other Service Provider | $26,305 | — | $26,305 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SONYA HOWARD — Recordkeeper
- AMANDA KELLER — Recordkeeper
- LEGACY PROFESSIONALS LLP — Auditor
- SUMMER HOWARD — Recordkeeper
- ARIELLE MARTIN — Recordkeeper
- CALIBRE CPA GROUP, PLLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $4,086,505
- Estimated Expense Ratio: 2.339% 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 | $1,395,083 | $104,254 | — | $49,500 | — |
| 2023 | $1,124,185 | $92,949 | — | $48,000 | — |
| 2022 | $894,902 | $87,752 | — | — | $303,501 |