Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers' Local No. 40 Pension Fund
- Sponsor EIN: 066157817
- Sponsor Address: 1040 AVENUE OF THE AMERICAS, NEW YORK, NY, 100183726
- Plan Type: DB
- Total Participants: 298
- Total Assets: $56.9M
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 | 298 | $56.9M | $8.2M | $0 |
| 2023 | 300 | $51.8M | $7.6M | $0 |
| 2022 | 286 | $47.4M | $7.2M | $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 |
|---|---|---|---|---|
| NOVAK FRANCELLA, LLC | Auditor | $30,950 | — | $30,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- NOVAK FRANCELLA, LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,950
- Estimated Expense Ratio: 0.054% 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 | $814,113 | $313,450 | $133,491 | $30,950 | — |
| 2023 | $499,656 | $178,645 | $101,928 | $14,265 | — |
| 2022 | $546,561 | $242,694 | $101,938 | — | $118,334 |