2023 Form 5500 filing — Sheet Metal Workers 16 Health Trust
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 20241014131512NAL0027364129004) for Sheet Metal Workers 16 Health Trust, reported by Sheet Metal Workers 16 Health Tr. Board Of Trustees under EIN 93-0757655 and plan number 501. It reports 2,202 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241014131512NAL0027364129004
- Filing year
- 2023
- Form type
- 1
- Plan sponsor
- Sheet Metal Workers 16 Health Tr. Board Of Trustees
- EIN
- 93-0757655
- Plan number
- 501
- Location
- Portland, OR
- Participants
- 2,202
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $41,191,016
- Total liabilities (EOY)
- $8,881,415
- Net assets (EOY)
- $32,309,601
- Employer contributions
- $29,250,177
- Participant contributions
- $2,052,904
- Total income / additions
- $34,998,882
- Benefits paid
- $36,322,755
- Administrative expenses
- $2,809,359
- Total expenses
- $39,132,114
- Net increase / (decrease)
- -$4,133,232
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| William C. Earhart Company, Inc. | THIRD PARTY ADMINISTRATOR | $1,011,210 | not reported in the loaded dataset |
| Cigna | PPO NETWORK/CASE MGMT. | $702,934 | not reported in the loaded dataset |
| Empirx Health | CLAIMS PROCESSING | $220,025 | not reported in the loaded dataset |
| Paydhealth, LLC | COST AVOIDANCE FEES | $149,399 | not reported in the loaded dataset |
| Moda Health | CLAIMS PROCESSING | $116,626 | not reported in the loaded dataset |
| Milliman, Inc. | CONSULTANT | $107,500 | not reported in the loaded dataset |
| Bank Of America | INVESTMENT MGR./CUSTODIAN | $90,013 | $0 |
| Buck Global, LLC | PHARMACY CONSULTANT | $57,044 | not reported in the loaded dataset |
| Brownstein Rask, LLC | LEGAL COUNSEL | $42,851 | not reported in the loaded dataset |
| Legacy Laboratory Services | DRUG TESTING | $37,206 | not reported in the loaded dataset |
| Cascade Center Inc Dba Canopy | EAP SERVICES | $36,810 | not reported in the loaded dataset |
| Teladoc Health | VIRTUAL HEALTHCARE | $35,373 | not reported in the loaded dataset |
| Withumsmith+Brown | PAYROLL AUDITOR | $28,445 | not reported in the loaded dataset |
| Bennett, Hartman, Morris & Kaplan | LEGAL | $23,215 | not reported in the loaded dataset |
| Bjorklund & Montplaisir | AUDITOR | $19,000 | not reported in the loaded dataset |
| Northwest Drug-Safe LLC | DRUG TESTING/PROGRAM MGMT | $13,937 | not reported in the loaded dataset |
| Mzq Consulting, LLC | COMPLIANCE ANALYSIS | $10,150 | not reported in the loaded dataset |
| Airmedcare Network | AIR AMBULANCE | $6,900 | not reported in the loaded dataset |