# Board Of Trustees Sheet Metal Workers Local Pension Plan DB Plan
Source: https://planprovider.pro/companies/board-of-trustees-sheet-metal-workers-local-pension-plan-346666753-001

> Board Of Trustees Sheet Metal Workers Local Pension Plan's DB plan: 690 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/milliman) — Recordkeeper

- [MORGAN STANLEY SMITH BARNEY HLDGS](https://planprovider.pro/provider/jp-morgan-asset-management) — Recordkeeper

- [J SCHAEFER & COMPANY LLC](https://planprovider.pro/provider/j-schaefer-and-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|

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