Plan Snapshot
- Plan Sponsor: Board Of Trustees, Flint Area Sheet Metal Workers Local 7 Zone 4
- Sponsor EIN: 386082372
- Sponsor Address: 700 TOWER DRIVE, SUITE 300, TROY, MI, 480982808
- Plan Type: DB
- Plan Number: 001
- Total Participants: 203
- Total Assets: $61.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 203 | $61.8M | $4.6M | $0 |
| 2023 | 210 | $59.6M | $4.3M | $0 |
| 2022 | 199 | $56.5M | $4.0M | $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 |
|---|---|---|---|---|
| GRAYSTONE CONSULTING | Other Service Provider | $152,720 | — | $152,720 |
| BENESYS, INC. | Other Service Provider | $97,400 | — | $97,400 |
| FOUNDRY PARTNERS, LLC | Other Service Provider | $42,947 | — | $42,947 |
| ARISTOTLE | Other Service Provider | $40,665 | — | $40,665 |
| UNITED ACTUARIAL SERVICES | Other Service Provider | $32,450 | — | $32,450 |
| LEDBETTER PARISI, LLC | Other Service Provider | $31,021 | — | $31,021 |
| FIERA CAPITAL MANAGEMENT | Other Service Provider | $21,889 | — | $21,889 |
| BENDA, GRACE, STULZ, & COMPANY, P.C | Other Service Provider | $17,600 | — | $17,600 |
| CAMBIAR INVESTORS, LLC | Other Service Provider | $16,667 | — | $16,667 |
| COMERICA BANK | Other Service Provider | $16,662 | — | $16,662 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $470,021
- Estimated Expense Ratio: 0.761% 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 | $609,861 | $363,439 | $95,999 | $2,992 | — |
| 2023 | $602,148 | $395,456 | $92,307 | — | — |
| 2022 | $564,894 | $359,812 | $87,513 | — | $67,040 |