Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local No. 71 Pension Plan
- Sponsor EIN: 166051585
- Sponsor Address: 24 LIBERTY AVENUE, BUFFALO, NY, 142152112
- Plan Type: DB
- Plan Number: 001
- Total Participants: 334
- Total Assets: $63.7M
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 | 334 | $63.7M | $3.5M | $0 |
| 2023 | 320 | $59.2M | $3.3M | $0 |
| 2022 | 313 | $52.9M | $3.0M | $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 |
|---|---|---|---|---|
| FIAM TRUST COMPANY | Other Service Provider | $49,022 | — | $49,022 |
| THE SEGAL COMPANY | Other Service Provider | $49,000 | — | $49,000 |
| LOOMIS, SAYLES & COMPANY | Other Service Provider | $42,708 | — | $42,708 |
| SEGAL ADVISORS | Other Service Provider | $39,500 | — | $39,500 |
| UBS REALTY INVESTORS | Other Service Provider | $29,978 | — | $29,978 |
| WTC-CIF II CORE BOND PLUS | Other Service Provider | $28,992 | — | $28,992 |
| ABERDEEN | Other Service Provider | $25,699 | — | $25,699 |
| TRONCONI SEGARRA & ASSOCIATES LLP | Other Service Provider | $19,830 | — | $19,830 |
| LIPSITZ GREEN SCIME CAMBRIA LLP | Other Service Provider | $14,678 | — | $14,678 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $299,407
- Estimated Expense Ratio: 0.470% 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 | $506,519 | $216,790 | — | $20,587 | — |
| 2023 | $481,599 | $200,042 | — | $19,120 | — |
| 2022 | $503,669 | $227,538 | — | — | $90,921 |