Plan Snapshot
- Plan Sponsor: Bd Of Trustees Of Sheet Metal Workers Union L38 Profit Sharing Fd
- Sponsor EIN: 133319782
- Sponsor Address: 38 STARR RIDGE ROAD, BREWSTER, NY, 105094503
- Plan Type: 401(k)
- Total Participants: 1,107
- Total Assets: $213.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,107 | $213.5M | $7.4M | $198,380 |
| 2023 | 1,243 | $201.2M | $7.2M | $187,043 |
| 2022 | 1,090 | $186.5M | $7.1M | $194,563 |
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 |
|---|---|---|---|---|
| EMPOWER LIFE & ANNUITY INSURANCE CO | NONE | $64,602 | — | $64,602 |
| SCHULTHEIS & PANETTIERI, LLP | NONE | $37,000 | — | $37,000 |
| MORGAN STANLEY SMITH BARNEY, LLC | NONE | $35,000 | — | $35,000 |
| ASHER KELLY PLLC | NONE | $21,599 | — | $21,599 |
| EMPOWER ADVISORY GROUP LLC | NONE | $9,388 | — | $9,388 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHULTHEIS & PANETTIERI, LLP — NONE
- MORGAN STANLEY SMITH BARNEY, LLC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,589
- Estimated Expense Ratio: 0.078% 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 | $538,019 | $35,000 | $64,602 | $37,000 | — |
| 2023 | $572,952 | $35,000 | $61,757 | $35,000 | — |
| 2022 | $528,155 | $35,000 | $65,796 | — | $49,475 |