Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local 2
- Sponsor EIN: 311648261
- Sponsor Address: P.O. BOX 300378, KANSAS CITY, MO, 64111
- Plan Type: 401(k)
- Total Participants: 3,023
- Total Assets: $108.2M
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 | 3,023 | $108.2M | $1.5M | $4.2M |
| 2023 | 2,161 | $97.4M | $0 | $4.9M |
| 2022 | 1,937 | $85.9M | $0 | $4.4M |
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 |
|---|---|---|---|---|
| NOVAK BIRKS, P.C. | Auditor | $46,215 | — | $46,215 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $46,215
- Estimated Expense Ratio: 0.043% 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 | $300,296 | $98,813 | $56,550 | $46,215 | — |
| 2023 | $257,584 | $92,871 | $56,790 | $32,602 | — |
| 2022 | $265,766 | $114,959 | $52,588 | — | $74,447 |