Plan Snapshot
- Plan Sponsor: Board Of Trustees Of Production Sheet Metal Workers Local 10 Retire
- Sponsor EIN: 516052134
- Sponsor Address: 1681 COPE AVENUE, ST. PAUL, MN, 55109
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 791
- Total Assets: $36.2M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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. |
|---|---|---|---|---|
| 2025 | 791 | $36.2M | $0 | $0 |
| 2024 | 331 | $33.5M | $937,071 | $301,485 |
| 2023 | 429 | $33.5M | $934,391 | $287,703 |
| 2022 | 436 | $33.2M | $974,890 | $345,879 |
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 |
|---|---|---|---|---|
| ALERUS RETIREMENT SOLUTIONS | Other Service Provider | $105,983 | — | $105,983 |
| CLIFTONLARSONALLEN LLP | Other Service Provider | $18,900 | — | $18,900 |
| REINHART BOERNER VAN DEUREN | Other Service Provider | $8,450 | — | $8,450 |
| WILSON-MCSHANE CORPORATION | Other Service Provider | $5,320 | — | $5,320 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $138,653
- Estimated Expense Ratio: 0.383% 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 |
|---|---|---|---|---|---|
| 2025 | $2,959,671 | $30,000 | $75,983 | $24,220 | — |
| 2024 | $177,349 | $30,000 | $86,747 | $24,985 | — |
| 2023 | $172,047 | $30,000 | $78,732 | $24,830 | — |
| 2022 | $171,182 | $30,000 | $72,866 | — | $56,058 |