2023 Form 5500 filing — Sheet Metal Workers Local Union No. 7 Zone 2 Health Care Plan
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015134509NAL0016520467005) for Sheet Metal Workers Local Union No. 7 Zone 2 Health Care Plan, reported by Joint Board Of Trustees Sheet Metal Workers Local 7, Zone under EIN 38-6075386 and plan number 501. It reports 577 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015134509NAL0016520467005
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Joint Board Of Trustees Sheet Metal Workers Local 7, Zone
- EIN
- 38-6075386
- Plan number
- 501
- Location
- Lansing, MI
- Participants
- 577
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $2,838,019
- Total liabilities (EOY)
- $3,270,398
- Net assets (EOY)
- -$432,379
- Employer contributions
- $5,880,011
- Participant contributions
- $1,658,452
- Total income / additions
- $7,627,031
- Benefits paid
- $6,638,536
- Administrative expenses
- $668,046
- Total expenses
- $7,306,582
- Net increase / (decrease)
- $320,449
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Blue Cross Blue Sheild Of Michigan | NONE | $470,765 | $0 |
| Tic International Corporation | NONE | $39,223 | $32,634 |
| Usi Midwest | NONE | $45,000 | not reported in the loaded dataset |
| Victory Capital Management | NONE | $23,281 | not reported in the loaded dataset |
| Delta Dental Of Michigan | NONE | $23,277 | not reported in the loaded dataset |
| Varnum, Riddering, Schmidt | NONE | $21,103 | not reported in the loaded dataset |
| Benda, Grace, Stulz & Company | NONE | $18,300 | not reported in the loaded dataset |
| Watkins Ross & Company | NONE | $8,100 | not reported in the loaded dataset |
| Standard Valuations | NONE | $5,000 | not reported in the loaded dataset |