Plan Snapshot
- Plan Sponsor: Board Of Trustees Sheet Metal Workers Local Pension Plan
- Sponsor EIN: 346666753
- Sponsor Address: 1890 VENTURE CIRCLE SE, MASSILLON, OH, 44646
- Plan Type: DB
- Plan Number: 001
- Total Participants: 690
- Total Assets: $80.5M
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 | 690 | $80.5M | $4.1M | $0 |
| 2023 | 670 | $80.3M | $4.0M | $0 |
| 2022 | 663 | $78.6M | $4.0M | $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 |
|---|---|---|---|---|
| BENESYS, INC. | Other Service Provider | $106,169 | — | $106,169 |
| MILLIMAN | Recordkeeper | $101,104 | — | $101,104 |
| MORGAN STANLEY SMITH BARNEY HLDGS | Recordkeeper | $89,447 | — | $89,447 |
| HAMLIN CAPITAL MANAGEMENT, LLC | Other Service Provider | $70,233 | — | $70,233 |
| NOVARA, TESIJA, & CATENACCI, PLLC | Other Service Provider | $67,996 | — | $67,996 |
| REINHART PARTNERS, INC. | Other Service Provider | $60,787 | — | $60,787 |
| JOHNSON & KROLL LLC | Other Service Provider | $27,473 | — | $27,473 |
| BOYD WATTERSON ASSET MANAGEMENT | Other Service Provider | $21,983 | — | $21,983 |
| J SCHAEFER & COMPANY LLC | Auditor | $18,500 | — | $18,500 |
| NEWPORT TRUST COMPANY | Other Service Provider | $10,000 | — | $10,000 |
| SHEET METAL WORKERS 33 FB FUND | Other Service Provider | $8,714 | — | $8,714 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MILLIMAN — Recordkeeper
- MORGAN STANLEY SMITH BARNEY HLDGS — Recordkeeper
- J SCHAEFER & COMPANY LLC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $582,406
- Estimated Expense Ratio: 0.724% 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 | $1,262,806 | $252,450 | $104,364 | $18,500 | — |
| 2023 | $610,649 | $157,013 | $106,698 | $18,500 | — |
| 2022 | $699,739 | $201,900 | $108,893 | — | $268,484 |