Plan Snapshot
- Plan Sponsor: Board Of Trustees - Sheet Metal Workers Local 22 Pension Fund
- Sponsor EIN: 226072834
- Sponsor Address: 700 SWENSON DRIVE, KENILWORTH, NJ, 07033
- Plan Type: DB
- Plan Number: 001
- Total Participants: 297
- Total Assets: $80.8M
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 | 297 | $80.8M | $4.9M | $0 |
| 2023 | 291 | $74.4M | $4.2M | $0 |
| 2022 | 288 | $65.8M | $4.2M | $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 |
|---|---|---|---|---|
| UBS INSTITUTIONAL CONSULTING GROUP | Recordkeeper | $262,787 | — | $262,787 |
| SEGAL CO. | Other Service Provider | $39,234 | — | $39,234 |
| BRIDGEWAY BENEFIT TECHNOLOGIES | Other Service Provider | $20,923 | — | $20,923 |
| MSPC | Auditor | $19,248 | — | $19,248 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- UBS INSTITUTIONAL CONSULTING GROUP — Recordkeeper
- MSPC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $342,192
- Estimated Expense Ratio: 0.423% 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 | $776,006 | $263,862 | — | $19,248 | — |
| 2023 | $642,689 | $262,603 | — | $17,964 | — |
| 2022 | $556,370 | $271,338 | — | — | $71,211 |