Plan Snapshot
- Plan Sponsor: Bd Of Trustees Sheet Metal Workers Local Union No. 292 Annuity Fund
- Sponsor EIN: 383204600
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480980000
- Plan Type: DC
- Total Participants: 582
- Total Assets: $37.4M
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 | 582 | $37.4M | $3.1M | $0 |
| 2023 | 537 | $32.3M | $3.4M | $0 |
| 2022 | 550 | $27.5M | $2.5M | $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 |
|---|---|---|---|---|
| BENDA, GRACE, STULZ & COMPANY, P.C. | Auditor | $13,600 | — | $13,600 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $13,600
- Estimated Expense Ratio: 0.036% 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 | $290,093 | $88,042 | $38,652 | $13,600 | — |
| 2023 | $262,389 | $72,846 | $36,461 | $13,200 | — |
| 2022 | $253,590 | $76,103 | $36,461 | — | $103,339 |