Plan Snapshot
- Plan Sponsor: Bd Of Trustees Of The Smw Annuity Fund
- Sponsor EIN: 232245696
- Sponsor Address: 1301 S. COLUMBUS BLVD. 1ST FLOOR, PHILADELPHIA, PA, 191475505
- Plan Type: DC
- Plan Number: 001
- Total Participants: 3,255
- Total Assets: $474.1M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 3,255 | $474.1M | $23.8M | $0 |
| 2023 | 2,850 | $455.5M | $21.1M | $0 |
| 2022 | 2,783 | $407.8M | $19.9M | $0 |
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 | Recordkeeper | $311,162 | — | $311,162 |
| SHEET METAL WORKERS LOC #19 PENSION | Other Service Provider | $234,455 | — | $234,455 |
| INVESTMENT PERFORMANCE SERVICES, | Other Service Provider | $82,500 | — | $82,500 |
| NOVAK FRANCELLA, LLC | Auditor | $24,100 | — | $24,100 |
| SPEAR WILDERMAN | Other Service Provider | $18,179 | — | $18,179 |
| SUSANIN, WIDMAN & BRENNAN | Other Service Provider | $16,890 | — | $16,890 |
| TD BANK, NA | Other Service Provider | $7,186 | — | $7,186 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- EMPOWER — Recordkeeper
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $694,472
- Estimated Expense Ratio: 0.146% 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 | $720,711 | $82,500 | $311,162 | $24,100 | — |
| 2023 | $440,348 | $82,500 | — | $24,900 | — |
| 2022 | $395,004 | $82,500 | — | — | $57,479 |