Smart Transportation Division Staff Retiree Health — Form 5500 plan (Sheet Metal, Air, Rail And Transportation Union (Smart))

Plain-English plan 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, Smart Transportation Division Staff Retiree Health is a benefit plan reported by Sheet Metal, Air, Rail And Transportation Union (Smart) under EIN 34-1031303 and plan number 507. The latest loaded filing year is 2023. The filing reports 162 participants and $5,614,980 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$5.5MPlan net assets, end of year$5,462,325
Participants162Covered participants reported
Assets / participant$34.7KComputed: assets ÷ participants$34,660 (computed)
Provider compensation$31.8K3 Schedule C provider row(s)$31,849
Plan sponsor
Sheet Metal, Air, Rail And Transportation Union (Smart)
EIN
34-1031303
Plan number
507
Plan type
2
Location
Independence, OH
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
2023162H, C20241015113644NAL0016240803004
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$5.6M total assets
Net assets$5.5MLiabilities$152.7K
Money in vs. money out
Total income / additions$2.5M
Total expenses$1.6M
Benefits paid / distributions$1.6M
Contributions
Employer$1.9M
Participant$380.9K
Full reported line items

Net assets

Total assets (EOY)
$5,614,980
Total liabilities (EOY)
$152,655
Net assets (EOY)
$5,462,325
Net assets (BOY)
$4,580,119

Income & contributions

Employer contributions
$1,852,476
Participant contributions
$380,919
Total contributions
$2,233,395
Total income / additions
$2,518,040

Expenses & distributions

Benefits paid
$1,599,185
Administrative expenses
$36,649
Total expenses
$1,635,834
Net increase / (decrease)
$882,206
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 83%Participant 17%
Total expenses ÷ net assets30%Computed ratio
Benefits paid ÷ total income64%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Usi Consulting GroupNONE$13,000not reported in the loaded dataset2023
Calibre Cpa GroupNONE$10,500not reported in the loaded dataset2023
Segal Select InsuranceNONE$8,349not reported in the loaded dataset2023

Related Form 5500 pages