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Original filing (PDF)20250925175504NAL0010852115001
BOARD OF TRUSTEES, SHEET METAL WORKERS LOCAL 206
Form 5500
FILING_RECEIVED
SHEET METAL WORKERS LOCAL 206 HEALTH BENEFIT TRUST
Health & welfare plan
Signals · 3
~314 bps in Sched C feesNo recordkeeper disclosed6 service providers
Active participants
1,028
Accounts w/ balance
—
Plan assets (EOY)
$24.2M
Net assets (EOY)
$21.8M
Plan health score (directional)
84
/ 100
Grade B
Above-average plan
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
75
Total plan cost
65
Vendor stack
80
Participation health
100
Knocking points off
- 314 bps in Schedule C fees — 982% above peer band of 29 bps.
- No recordkeeper disclosed on Schedule C.
Helping the score
- Concentration not scored — Schedule of Assets PDF not yet parsed for this plan.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for BOARD OF TRUSTEES, SHEET METAL WORKERS LOCAL 206.
Plan sponsor
Name
BOARD OF TRUSTEES, SHEET METAL WORKERS LOCAL 206
DBA
HEALTH BENEFIT TRUST
EIN
45-4844178
Address
1843 HOTEL CIRCLE S STE 300 · SAN DIEGO, CA · 92108
Phone
(619) 278-0021
Industry
Finance & Insurancesee all
Plan administrator
Name
RISK PROGRAM ADMINISTRATORS LLC
EIN
30-0837669
City
SAN DIEGO, CA
Phone
(619) 278-0021
Plan characteristics
Plan number
501
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-09-25
Welfare benefit codes
4A · Health (other than dental or vision)
4B · Life Insurance
4D · Dental
4E · Vision
Audit & trust (Schedule H)
Auditor
MILLER KAPLAN ARASE LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
6 rowsTPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| RISK PROGRAM ADMINISTRATORS LLC | 30-0837669 | — | PLAN ADMINISTRATOR | $592K | — |
Other
5| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| HEALTHINVEST HRA | 81-7058658 | — | NONE | $107K | — |
| COMMONWEALTH EQUITY SERVICES | 04-2675571 | — | N/A | $21K | — |
| MILLER KAPLAN ARASE LLP | 95-2036255 | — | NONE | $17K | — |
| GILBERT AND SACKMAN | 95-2906951 | — | NONE | $13K | — |
| HORIZON ACTUARIAL SERVICES | 26-1370698 | — | NONE | $11K | — |
Investments
The Schedule of Assets is filed as a free-form PDF attachment on EFAST2; we parse these offline and coverage is partial (priority is the largest plans by EOY assets). This plan also reports no pooled (Schedule D) interests, so its holdings aren’t hidden on a master-trust filing. The line-item data lives on DOL EFAST2 under the same ACK_ID.
See Methodology > Data linkages for how Form 5500 / Schedule H / Schedule D / Schedule of Assets fit together.