# Bd Of Trustees Of Sheet Metal Workers Union L38 Profit Sharing Fd 401(k) Plan
Source: https://planprovider.pro/companies/bd-of-trustees-of-sheet-metal-workers-union-l38-profit-sharing-fd-401k-plan

> Bd Of Trustees Of Sheet Metal Workers Union L38 Profit Sharing Fd's 401(k) plan: 1,107 participants, plan year 2024 financials, providers, and benchmarks fro…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/schultheis-and-panettieri-llp) — NONE

- [MORGAN STANLEY SMITH BARNEY, LLC](https://planprovider.pro/provider/morgan-stanley) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/bd-of-trustees-of-sheet-metal-workers-union-l38-profit-sharing-fd-401k-plan)

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