# Board Of Trustees - Sheet Metal Workers Local 22 Pension Fund DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-22-pension-fund-226072834-001

> Board Of Trustees - Sheet Metal Workers Local 22 Pension Fund's DB plan: 297 participants, plan year 2024 financials, providers, and benchmarks from Form 550…

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/aspire-financial-services) — Recordkeeper

- [MSPC](https://planprovider.pro/provider/mspc-certified-public-accountants-and) — 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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-22-pension-fund-226072834-001)

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