Plan Snapshot
- Plan Sponsor: Board Of Trustees - Sheet Metal Workers Local 98 Pension Fund
- Sponsor EIN: 316171213
- Sponsor Address: 9200 US ROUTE 60, ONA, WV, 255450000
- Plan Type: DB
- Total Participants: 883
- Total Assets: $168.7M
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 | 883 | $168.7M | $13.4M | $0 |
| 2023 | 741 | $149.1M | $9.8M | $0 |
| 2022 | 659 | $135.0M | $9.4M | $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 |
|---|---|---|---|---|
| THE SEGAL GROUP | Other Service Provider | $112,623 | — | $112,623 |
| ASB CAPITAL MANAGEMENT | Other Service Provider | $78,578 | — | $78,578 |
| AMERICAN BENEFITS CORPORATION | Other Service Provider | $72,326 | — | $72,326 |
| MARQUETTE ASSOCIATES | Other Service Provider | $54,000 | — | $54,000 |
| LEDBETTER PARTNERS LLC | Other Service Provider | $41,845 | — | $41,845 |
| NATIONAL INVESTMENT SERVICES | Other Service Provider | $29,195 | — | $29,195 |
| GRAY, GRIFFITH & MAYS, A.C. | Other Service Provider | $24,505 | — | $24,505 |
| ARISTOTLE CAPITAL MANAGEMENT | Other Service Provider | $21,060 | — | $21,060 |
| KEYBANK | Other Service Provider | $15,537 | — | $15,537 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $449,669
- Estimated Expense Ratio: 0.266% 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 | $679,061 | $345,016 | $72,326 | $24,505 | — |
| 2023 | $616,068 | $337,728 | $53,939 | $19,775 | — |
| 2022 | $670,547 | $353,843 | $48,959 | — | $159,216 |